--%>

Division of labor advantages for workers

The advantages from the division of labor are improved as workers: (1) Are protected by the barriers which limit the international trade. (2) Who each recognize all facets of production gain an enhanced understanding of the whole project. (3) Constantly doing boring tasks become more faithful to their employers. (4) Have raised job security if working conditions are formalized. (5) Gain proficiency in particular skills which yield the higher productivity.

Choose the right answer from the above.

   Related Questions in Econometrics

  • Q : Division of Labor I have a problem in

    I have a problem in economics on Division of Labor. Please help me in determining the right answer from the following question. Shannon brewing an espresso drinks whereas Kelly bakes the croissants at their coffee shop are an illustration of: (i) Comp

  • Q : Graphical model representing economy I

    I have a problem in economics on Graphical model representing economy. Please help me in the following question. The graphic model used to represent an economy is the: (1) Production possibilities frontier. (2) Reducing returns simulation. (3) Market

  • Q : Reduced form equations Which of the

    Which of the following econometric models are linear in parameters or variables (state if they are linear in both)? Explain briefly what kind of data transformation would be needed to estimate the parameters of these models. i) Yi = ?1 + ? 2 Xi 2+ ?3 Xi 3 + ui ii) Yi= ß1 + ß2 ln X + ui iii) Y

  • Q : Confronting the problem of US scarcity

    The main mechanism employed in United States to confront the problem of scarcity is: (1) The market system, that relies on prices to the direct production. (2) The mixture of brute force and tradition. (3) Arbitrary selection, however queuing as well

  • Q : Equality in the distribution of income

    The real economic growth and development are evaluated by the changes in total value which people place on their income and doing the things they enjoy. The real sources of growth would not comprise: (1) The profits in consumption which are made acces

  • Q : Declines in unemployment rates I have a

    I have a problem in economics on Declines in unemployment rates. Please help me in the following question. The Production possibilities frontiers wouldn’t expand outward in response to: (1) Enhanced technology. (2) Expanded investment and saving. (3) Declines in

  • Q : Feudal cultures-Allocative Mechanisms

    The Feudal cultures in which the parents arrange marriages of their young children tend to rely relatively greatly on: (1) Tradition. (2) Arbitrary selection. (3) Central planning. (4) Queuing. (5) The market system. Can someone please help me in finding out the accurate

  • Q : Allocative Mechanisms-Traditional system

    I have a problem in economics on Allocative Mechanisms-Traditional system. Please help me in the following question. Interactions of private sellers and buyers recognize the bulk of resource allocation in a: (1) Queuing system.(2) Market system. (3) T

  • Q : Maximum output in absence of

    In the nonattendance of diminishing returns, the maximum output of food from the flower pot (or land) and limitless amounts of other resources would be sufficient to feed: (1) The grasshopper. (2) One skinny family. (3) One mouse. (4) All of the world.

    Q : Diminishing Returns-Bow out Whenever

    Whenever the law of diminishing returns applies to the production processes, then the associated production possibilities frontier should: (1) Produce reducing costs as output grows. (2) Bow in (that is, be convex) from the origin. (3) Be a rectangular hyperbola. (4)