Explain clearly

Which of the following examples represents the relationship between division of labor and production? A nurse takes patients' vital signs while the doctor focuses on diagnosis so that more patients can receive care A company assigns different parts of the production process to various workers, which complicates the process and results in waste A primary care office hires more doctors to ensure that more patients receive care. O A hospital hires more qualified nurses to ensure better quality of care for patientsWhich of the following statements describes microeconomics? O The federal government lowered corporate tax rates in 2019. D The price of beef increased by 15% last month due to a cyber attack on a major beef processing firm. O The size of the U.S. economy shrunk by 7% in 2020 due to the COVID crisis. Inflation in the US increased by 5% in May 2021.Scarcity is a problem because.. O Not everyone has the same amount of resources, such as land and labor There are not enough resources to produce all the goods and services people want to purchase. Unemployment exists, and therefore some people do not have enough resources to meet their basic needs. O There are only small quantities of resources available on earthA good economic theory .... C Must contain a complete representation of real economic events to be useful. captures the essence of the economic concepts and facilitates their understanding. A set of mathematical equations representing economic behavior. is a detailed representation of reality used to explain past economic events