Division of labour and specialization - Jamb Economics Past Questions and Answers

Question 11:

• JAMB 1983

Division of labour has many advantages . Not withstanding, it is greatly limited by?

A. Monotony of work
B. Decline of craftmanship
C. Risk of unemployment
D. Extent of market demand
E. Boredom

Question 12:

• JAMB 1984

Division of labour is limited by?

A. The size of market
B. The productivity of capital
C. Cost of production
D. The factors of production
E. Government policy

Question 13:

• JAMB 1986

The degree of specialization is limited by the

A. Avalibility of specialized skills and machinery
B. Marginal cost exceeding marginal revenue
C. Extent of the market
D. Disadvantage of standardization

Question 14:

• JAMB 1987

In the history of Economic Thought the concept of Division of labour is usually associated with?

A. David Richardo
B. J.M. Keynes
C. Adam Smith
D. Karl Marx

Question 15:

• JAMB 1990

One of the major advantages of specialization is that?

A. The worker becomes a tenderer of machines
B. It causes more employment of labour
C. Less machinery is required for production
D. The worker wastes less time between operations