Division Of Labour And Specialization Jamb Economics Past Questions
Question 21
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
Question 22
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 23
In taxation, the benefit principle requires that?
- A. everybody must draw benefit from taxation
- B. all those who earn more income must pay more taxes
- C. only those who derive benefit from services provided from public revenue should be taxed
- D. taxes paid by businesses should be shifted to those consumers benefiting from such consumer commodities
- E. everybody pays an equal amount
Question 24
Which of the following is NOT true about specialization or division of labour?
- A. Specialization and exchange go hand in hand
- B. Specialization implies that each person produces a surplus of one or a few items (e.g commodities) n which he is specialized
- C. Division of labour needs not take account of the extent of the market
- D. Division of labour results in increased productivity
- E. Division of labour involves the danger of unemployment
Question 25
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
