Knowledge increases ____________ and specialization __________ total output.
A) education; decreases
B) productivity; increases
C) perception; increases
D) economies of scale; decreases

Question

Quizplus · Accepted Answer

As knowledge increases, individuals and firms become more productive and efficient in their tasks. Specialization also increases as people become more knowledgeable in their specific area of expertise, leading to an increase in total output. Therefore, productivity increases with knowledge while economies of scale, education, and perception do not necessarily have a direct impact on total output.

Knowledge Increases ____________ and Specialization __________ Total Output

Knowledge Increases __ and Specialization Total Output