Welcome to Schoolngr.com

Home   School   News   C B T   Classroom
Friday, 22 November 2024

RegisterLogin

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

Exam year:
Question type:
Topics:

Jamb Economics Past Questions

Jamb Past Questions and Answers on Division of labour and specialization

Question 16:


Specialization often improves economic performance because it?

A. Permits exploitation of economies of scale
B. Incorporates external economies
C. Is based on the law of variable proportions
D. Allocates resources according to absolute advantage


Question 17:


A major advantage of specialization and division of labour is that?

A. Time wastage will be minimized
B. Trade unions will be encouraged
C. There will be a ready market for labour
D. Workers will be adequately rewarded


Question 18:


A necessary condition for specialization in an economy is the existence of

A. A regulated market
B. A competitive market
C. A medium of exchange
D. Adequate capital


Question 19:


In a car assembly plant, division of labour is demonstrated by

A. Assigning each worker to a specific activity
B. Assigning each worker a given number to produce
C. Increasing the daily output
D. Producing a specific model


Question 20:


The division of labour requires that the task to be performed

A. Must be done in stages
B. Requires no special knowledge
C. Is simple but strenuous
D. Must be undertaken by experts






AboutContact usBack to Top
...

Disclaimer
All Views, Names, Acronyms, Trademarks, Expressed on this website are those of their respective owners. Please note that www.schoolngr.com is not affiliated with any of the institutions featured in this website. It is always recommended to visit an institutions or sources official website for more information. In the same vein, all comments placed here do not represent the opinion of schoolngr.com


SCHOOLNGR - © 2020 - 2024 - Tayo Hammed | Terms Of Service | Copyright | Privacy Policy