Multiple Choice
Which of the following is typically considered the largest contributor to long-term productivity growth in an economy?
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0. Basic Principles of Economics
Factors of Production
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Join thousands of students who trust us to help them ace their exams!Watch the first videoMultiple Choice
Which of the following is an example of labor specialization?
A
A business owner who performs every task in their shop
B
A manager who oversees all departments in a factory
C
A worker on an assembly line who only installs car doors
D
A farmer who grows multiple types of crops
Verified step by step guidance1
Understand the concept of labor specialization: it refers to workers focusing on a specific task or role to increase efficiency and productivity.
Analyze each option to see if the individual is concentrating on a single task or performing multiple tasks.
Option 1: A business owner performing every task is not specializing, but rather multitasking.
Option 2: A manager overseeing all departments is managing broadly, not specializing in one task.
Option 3: A worker on an assembly line who only installs car doors is focusing on a single task, which exemplifies labor specialization.
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