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Author Question: A greater specialization of labour leads to which of the following major results? (Read 29 times)

ncasson210

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on: Oct 12, 2022

Question 1

Specialization of labour led to greater efficiency in the allocation of resources because of
◦ an increase in total work effort.
◦ the principle of comparative advantage.
◦ the use of barter.
◦ the opportunity cost of labour increased.
◦ greater reliance on self-sufficiency.

Question 2

A greater specialization of labour leads to which of the following major results?
◦ The circular flow of income contracts.
◦ Each worker must become more self-sufficient.
◦ There is a greater need for trade.
◦ The overall output of the economy declines.
◦ There is an increased need for government to intervene in the marketplace.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by ncasson210 on Oct 12, 2022

dianagarcia

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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ncasson210

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Reply 2 on: Oct 12, 2022
Excellent

nyrave

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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