Question 5 1 pts According to Smith the improved productivit

Question 5 1 pts According to Smith, the improved productivity created through the division of labor makes everyone in a society better-off True False Question 6 1 pts The reason, according to Smith, that a poorer & therefore less advanced country like Poland could compete with a richer country like France in the sale of its agricultural goods is: O Because division of labor cannot be implemented as extensively in agricultural production as in manufacturing, the advantages held by a more advanced country are not as dramatic in this area O Smith does not state that poorer countries\' agricultural goods are competitive with those of advanced countries None of these 0 In Poland, the cost of agricultural labor is far cheaper than in France, meaning that Polish agricultural products will always out-compete those of France

Solution

Answer:-

5)It is true that improved productivity created through the division of labor makes everyone in the society better off . He says that growth is rooted in the division of labour and when everyone is assidned a task to do according to their strengths, it makes the person feel important which promotes growth in that person and therefore leading to growth in the society.

6)The reason according to Smith that poorer and therefore less advanced countries like Poland could compete with a richer country like France in the sale of it\'s agricultural goods is because division of labour cannot be implemented as extensively in agricultural production as in manufacturing, the advantages held by a more advanced country are not as dramatic in this area because it allows for a person to specialize in a certain isolated area of production thus increasing efficiency of that person and therefore the whole entire production unit increases.

Source: http://www.victorianweb.org/economics/division.html