Specialized division of labor in industrial societies can make workers feel that they_______________?
Correct answer: D. all of the above
- A. have lack of control
- B. have no sense of accomplishment
- C. are an anonymous group
- D. all of the above
Explanation
Highly specialized work can reduce workers’ control, weaken their sense of accomplishment and make them feel like anonymous parts of a large organization. Thus, all three effects may occur.
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Individual consumers, firms and markets are examined through demand and supply, elasticity, consumer choice, production, costs, revenue and the determination of prices and output. The topic also covers market structures such as perfect competition, monopoly and oligopoly, plus market failure, externalities and the distinction between microeconomic decisions and economy-wide outcomes.
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