Question:
What is not a benefit of division of labour?
(1) Increased flexibility of the workforce.
(2) Reduced total cost of producing goods and services.
(3) Increased productivity.
(4) Increased ability to introduce innovations.
(5) Increased income equality.
Correct Answer:
(5)
Answer Explanation:
Division of labor and specialization increase efficiency, productivity, and lower costs. However, they do not inherently lead to income equality; highly specialized skills often command vastly different wages in the market.
Topic: Production Year: 2021
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