WAEC Economics 2016 Objective — Question 18
Question 18 of 50 from the West African Examinations Council (WAEC) Economics 2016 Objective paper, with the correct answer and a full explanation.
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18. An entrepreneur is encouraged to adopt division of labour in production because it (a) provides more employment opportunities (b) leads to increased output and lower cost of production (c) brings about equal cost and employment opportunities (d) leads to increased cost of production and lower output
- A. provides more employment opportunities
- B. leads to increased output and lower cost of productionCorrect
- C. brings about equal cost and employment opportunities
- D. leads to increased cost of production and lower output
Explanation
The essence of division of labour is to improve the level of output at a reduced cost.
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