As late as 1690s, famines were common in Europe with tens of thousands literally
ID: 1204974 • Letter: A
Question
As late as 1690s, famines were common in Europe with tens of thousands literally dying of hunger. True False The Division of Labor is A form of social organization whereby government determines the career or work of each individual. The hierarchy of a corporation or business' chain of command. The schedule of labor dictated to a peasant in feudal society A form of social organization whereby individuals produce just one thing or at most a very few things. very few things. Which of the following is NOT true about the division of labor? It increases the quantity of knowledge that exists isociety It allows society to benefits from geniuses. It decreases the overall wage rate of workers in society. It allows individuals to improve and perfect their skills and ' The alleged "benefit from geniuses" that arises in a Division of Labor economy (as explained by George Reisman) is that geniuses are free to specialize in science and invention of things that benefit all (or nearly all) members of society. geniuses are chosen by the government and given free education often to prestigious institutions of learning, which improve their effectiveness.Explanation / Answer
10. True
11. The division of labour is a form of social organization whereby individuals produce just one thing or at most a very few things. (In it, people are assigned different parts of a manufacturing process or task in order to improve efficiency.)
12. The correct option is: it decreases the overall wage rate of workers in the society. Wage rate is not decreased, however, efficiency and skill of labour is definitely improved.
13. The correct option is: "geniuses are free to specialize in science and invention of things that benefits all (or nearly all) members of society.
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