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WAEC Economics 1991 (August) Question 31

Question 31

Theory of Production

Division of labour is greatly limited by

  1. A.its resultant monotony of work
  2. B.its associated decline in craftsmanship
  3. C.its attendant risk of unemployment
  4. D.the extent of the market
  5. E.the boredom it creates.
Show the answer and explanation

Answer: D (the extent of the market)

Explanation

Specialisation pays only if large output can be sold, so it is limited by the size (extent) of the market.