What is the primary focus of specialization in an economic sense?

Specialization and Comparative Advantage in Economics

Interactive Video
•
Business, Social Studies, Other
•
9th - 10th Grade
•
Hard

Patricia Brown
FREE Resource
Read more
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Focusing on tasks that are performed best
Maximizing the number of tasks per worker
Avoiding any form of labor division
Performing a wide range of tasks
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does Adam Smith's pin factory example illustrate the benefits of specialization?
By showing how workers can perform multiple tasks
By highlighting the importance of worker independence
By emphasizing the need for less skilled labor
By demonstrating increased output through task specialization
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the relationship between specialization and innovation as discussed in the transcript?
Specialization decreases the likelihood of innovation
Specialization has no impact on innovation
Specialization increases the likelihood of innovation
Specialization makes innovation unnecessary
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one potential downside of specialization according to Adam Smith?
Increased creativity among workers
Higher wages for specialized tasks
Monotony leading to reduced creativity
Greater job satisfaction
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How did Karl Marx view the effects of specialization on workers?
As a means to improve wages
As a method to enhance creativity
As a factor leading to worker alienation
As a way to increase worker satisfaction
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What role does education play in addressing the downsides of specialization according to Adam Smith?
It fosters creativity and innovation
It increases the monotony of tasks
It reduces the need for specialization
It decreases worker productivity
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does specialization benefit firms according to the transcript?
By reducing the quantity of products
By allowing them to produce larger quantities
By decreasing the need for trade
By increasing the variety of products
Create a free account and access millions of resources
Similar Resources on Quizizz
11 questions
Global Specialization and Supply Chains

Interactive video
•
9th - 10th Grade
11 questions
International Trade and Comparative Advantage

Interactive video
•
9th - 10th Grade
11 questions
Comparative and Absolute Advantage Concepts

Interactive video
•
9th - 10th Grade
11 questions
Specialization and Trade Concepts

Interactive video
•
9th - 10th Grade
6 questions
Adam Smith Political Theory

Interactive video
•
9th Grade
11 questions
Comparative Advantage and Economic Concepts

Interactive video
•
9th - 12th Grade
6 questions
CLEAN : Merkel marks anniversary of Auschwitz liberation

Interactive video
•
9th - 10th Grade
11 questions
Absolute Cost Advantage in International Trade Explained

Interactive video
•
9th - 10th Grade
Popular Resources on Quizizz
15 questions
Multiplication Facts

Quiz
•
4th Grade
25 questions
SS Combined Advisory Quiz

Quiz
•
6th - 8th Grade
40 questions
Week 4 Student In Class Practice Set

Quiz
•
9th - 12th Grade
40 questions
SOL: ILE DNA Tech, Gen, Evol 2025

Quiz
•
9th - 12th Grade
20 questions
NC Universities (R2H)

Quiz
•
9th - 12th Grade
15 questions
June Review Quiz

Quiz
•
Professional Development
20 questions
Congruent and Similar Triangles

Quiz
•
8th Grade
25 questions
Triangle Inequalities

Quiz
•
10th - 12th Grade