Final answer:
The statement is false because Adam Smith described the division of labor, which increases production due to specialization and task division, not job enrichment.
Step-by-step explanation:
When Adam Smith reported on how 10 pin makers working together could produce many times more pins than if they worked alone, he was actually describing the benefits of the division of labor, not job enrichment. The statement provided is False. The division of labor refers to the practice of breaking down production into many small tasks, which are then divided among different workers.
As Smith observed in pin factories, this method leads to a massive increase in productivity: one person could make only 20 pins a day, but 10 workers together could make 48,000 pins in a day. The benefits of this approach include improvements in skills from repetition, time-saving because there's no need to switch tasks, and the invention of labor-saving devices and techniques due to the specialization of tasks.