Productivity
A) Rises when the value of output rises relative to the cost of inputs.
B) Falls when the value of output rises relative to the cost of inputs.
C) Rises when the ratio of output to input increases.
D) Falls when factors of production cost more.
Correct Answer:
Verified
Q61: In terms of an economy's production possibilities
Q62: Productivity is a measure of
A)Output per unit
Q63: Which of the following contributes to the
Q64: Which of the following is likely to
Q65: Which of the following will increase the
Q67: Which of the following definitely means productivity
Q68: Human capital is defined as the
A)Amount of
Q69: When workers move from one industry to
Q70: One characteristic that has allowed the U.S.economy
Q71: As a nation's average education level increases,the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents