Productivity and division of labour

Question 1

What is productivity in economics?

Answer 1

Productivity refers to the measure of output per unit of input, often expressed as the amount of goods produced per hour of labor.

Question 2

True or False: Higher productivity leads to lower costs of production.

Answer 2

True

Question 3

Fill in the blank: The division of labour involves breaking down a production process into __________ tasks.

Answer 3

smaller

Question 4

What is one advantage of the division of labour?

Answer 4

It increases efficiency by allowing workers to specialize in specific tasks.

Question 5

Multiple Choice: Which of the following best describes the division of labour? A) Workers perform all tasks in production B) Workers specialize in specific tasks C) Workers are interchangeable

Answer 5

B) Workers specialize in specific tasks

Question 6

What effect does the division of labour have on productivity?

Answer 6

It generally increases productivity by allowing workers to become more skilled and efficient in their specific tasks.

Question 7

True or False: The division of labour can lead to worker alienation.

Answer 7

True

Question 8

What is one potential disadvantage of the division of labour?

Answer 8

It can lead to monotony and decreased job satisfaction among workers.

Question 9

Fill in the blank: Increased productivity can result in __________ prices for consumers.

Answer 9

lower

Question 10

How does technology influence productivity?

Answer 10

Technology can enhance productivity by improving processes, reducing time, and increasing output.