Productivity measures _____
A) how efficiently resources are turned into goods and services.
B) how efficiently goods and services are consumed by consumers.
C) the level of skills embodied in a unit of labor.
D) the ratio of inputs to a specific amount of output.
E) the availability of resources in an economy.
Correct Answer:
Verified
Q2: In an iron and steel plant with
Q14: Suppose the production possibilities frontier (PPF) of
Q15: Which of the following does not contribute
Q16: Long-term growth in production can be explained
Q17: Which of the following is the single
Q18: Which of the following does not contribute
Q18: If Q is total real output,K is
Q20: Output per unit of labor is known
Q22: Which of the following would increase labor
Q23: Which of the following does not contribute
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