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Division Of Labor And Specialization Quiz 1 (8 MCQs)

Quiz Instructions:

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1. When people are experts in their field to the degree that they can offer services for sale to customers, they are demonstrating which of the following economic concepts?
2. Disruption in one production stage results in which of the following?
3. There are _____ types of division of labor.
4. *Workers perform fewer tasks in order to operate more efficiently
5. Mrs. Pinero opens her own store, selling pink pencils. Her business is an example of
6. You give up one thing to have more of another in _____
7. Which of the following is not an advantage of Division of Labor?
8. Kathy, Sue, and Christina own a bakery. Each day all three women spend hours baking cakes, decorating cakes, and packaging cakes. Which economic concept would help them become more efficient?
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