Productivity is defined as
A) output per person.
B) output per unit of capital.
C) output per unit of technology.
D) output per hour of work.
E) output per unit of full-time employment.
Correct Answer:
Verified
Q2: Increases in labor, according to the theory
Q3: Diminishing returns to labor means that
A)the greater
Q4: Which of the following is true?
A)Economic growth
Q5: The flattening out of the production function
Q6: When capital is included in the production
Q8: The total amount of capital in the
Q9: The rationale for developing a model in
Q10: As more capital is added per worker,
Q11: Diminishing returns to labor exists
A)in any economy.
B)only
Q12: Which of the following is true?
A)Growth in
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