How can specialization lead to a division of labor for a business? O A. It guarantees that all employees work on every part of a product. O B. It allows each employee to be an expert in a particular area of production. O C. It greatly increases the rate of voluntary exchange between employees. O D. It ensures that all employees are capable of making a product on their own. SUBMIT

Economics:
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ISBN:9781285859460
Author:BOYES, William
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Chapter30: The Labor Market
Section: Chapter Questions
Problem 13E
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How can specialization lead to a division of labor for a business?
A. It guarantees that all employees work on every part of a product.
B. It allows each employee to be an expert in a particular area of
production.
O C. It greatly increases the rate of voluntary exchange between
employees.
D. It ensures that all employees are capable of making a product on
their own.
SUBMIT
E PREVIOUS
DELL
&
7.
e
Transcribed Image Text:How can specialization lead to a division of labor for a business? A. It guarantees that all employees work on every part of a product. B. It allows each employee to be an expert in a particular area of production. O C. It greatly increases the rate of voluntary exchange between employees. D. It ensures that all employees are capable of making a product on their own. SUBMIT E PREVIOUS DELL & 7. e
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Step 1

When talking about specialization, it is the situation when a firm is specialized in the production of specfic good or service. 

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