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.

How can I solve my Economics problem? Please suggest me the correct answer.

View Complete Question

Related Questions in Microeconomics

Q : Occurrence of socially optimal

The socially optimal production of penicillin arises while quantity: (a) Q1 is produced and sold at price P1. (b) Q1 is produced and sold at price P3. (c) Q2 is produced and sold at price P2<

Q : Difference between increase in demand

Difference between increase in demand and increase in quantity: Whenever demand rises at specific price then it is termed as rise in demand?. On another hand, whenever demand increases by decrease in price of a com

Q : Define primary deficit Primary deficit

Primary deficit: Primary deficit is the difference among fiscal deficit and interest payments prepared by the government Primary deficit = Fiscal deficit – Interest payments

Q : Assumption of economic model-financial

Most of the economic models suppose that the financial goal of a corporation is the maximization of the value of: (1) Firm’s net revenue. (2) Accounting gains to the firm. (3) Firm to its shareholders. (4) Progress of the sales revenues. (5) Monetary advantages

Q : Labor Unions-jurisdictional strikes

Preceding to the merger of the American Federation of Labor and Congress of Industrial Organizations to the AFL CIO merger in year 1955: (1) The AFL was an alliance of the industrial unions. (2) The CIO was an alliance of the craft unions. (3) Jurisdictional strikes o

Q : Problem on Fair labor standards act Can

Can someone please help me in finding out the accurate answer from the following question. The Fair Labor Standards Act initially: (1) Was performed in the year 1858. (2) Outlawed minimum salaries. (3) Established a low minimum salary in a limited number of divisions

Q : Law of comparative benefits Can someone

Can someone please help me in determining the right answer from the following question. The law of comparative benefit exhibits: (a) Why trade with a country in which salaries are low is not fair. (b) How countries try to use each other via trade. (c)

Q : Limitation of price elasticities of

Price elasticities of supply and demand do NOT: (w) reflect desperation for goods and customers by buyers and sellers, respectively. (x) rise as the time period considered is expanded. (y) find out the economic incidence of a tax. (z) find out the leg

Q : Define saving function Saving function

Saving function: The relationship among saving and income is termed as saving function.

Q : Shutdown point of monopoly firm A

A monopoly firm must shut down in the short run when: (w) P < minimum [average total costs [ATC]]. (x) P > minimum [average total costs [ATC]]. (y) this cannot cover all variable costs. (z) P does not equal marginal costs [MC].

Discover Q & A

Leading Solution Library

Avail More Than 1442218 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1941550
Asked

3,689

Active Tutors

1442218

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment