8. Division of labor Which of the following are examples of specialization? Chec

Question

8. Division of labor Which of the following are examples of specialization? Check all that apply. Felix and Megan each spend half the day tutoring and half the day grading papers. In between tutoring and grading papers, they each must spend an hour driving home from the tutoring center and getting set up for grading papers. Victor is a fashion designer. He hires a domestic worker to clean his apartment twice a week so that he can concentrate on designing. Akshay writes well, and Eleanor is an expert on health; therefore, Akshay writes novels, and Eleanor is a nutritionist. Which of the following are necessary conditions for specialization to occur? Check all that apply. Everyone must be equally productive at the same task. Individuals focus only on the tasks they prefer. A system of exchange must be in place. Frances is one of the top race car drivers in the world. Frances has two kids age 12 and 14. True or False: The principles of comparative advantage and specialization imply that she can benefit by hiring someone else to drive her kids to school, even if the person she hires is not as skilled a driver. True False

Explanation / Answer

1. The correct answers are: b) and c)

Reason: To be specialised in a particular job, one must devote his maximum available time doing that job. Here, Victor, Akshay and Eleanor all devotes their maximum time in doing their job. Hence , they are specialised in their respective jobs. Hence, options b and c are correct.

2. The correct answer is: b)

Reason: This option only goes by the definition of specilization in a particular job that one should devote his maximum time in doing that work only.

3. True

Reason: Because by doing this, she can devote her maximum time doing her best job i.e. car racing.

Thanks!

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