QuestionJuly 7, 2025

Which of the following Is NOT a reason why the division of labor increases es an economy s level of production. A Specialization B Economies of scale C ) Learning-by-doing D Opportunity Costs

Which of the following Is NOT a reason why the division of labor increases es an economy s level of production. A Specialization B Economies of scale C ) Learning-by-doing D Opportunity Costs
Which of the following Is NOT a reason why the division of labor increases es an economy s level of production.
A Specialization
B Economies of scale
C ) Learning-by-doing
D Opportunity Costs

Solution
4.5(185 votes)

Answer

(D) Opportunity Costs Explanation 1. Analyze each option (A) Specialization increases production by allowing workers to focus on specific tasks, improving efficiency. (B) Economies of scale reduce costs per unit as production increases, enhancing overall production. (C) Learning-by-doing improves skills and efficiency over time, boosting production levels. (D) Opportunity Costs refer to the benefits foregone from not choosing the next best alternative, which does not directly increase production.

Explanation

1. Analyze each option<br /> (A) Specialization increases production by allowing workers to focus on specific tasks, improving efficiency.<br /> (B) Economies of scale reduce costs per unit as production increases, enhancing overall production.<br /> (C) Learning-by-doing improves skills and efficiency over time, boosting production levels.<br /> (D) Opportunity Costs refer to the benefits foregone from not choosing the next best alternative, which does not directly increase production.
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