In 1971, a bank worker could process 265 checks in 1 hour.Currently, computers with built-in reader-sorter processing capacity have pushed that number above 100,000 checks per hour.Economists describe this type of activity as
A)exploitation of labor.
B)an increase in labor productivity.
C)speed-up.
D)comparative advantage.
E)mutual gains from voluntary trade.

Question

Quizplus · Accepted Answer

The increase in processing checks from 265 to 100,000 per hour with the use of computers with built-in reader-sorter processing capacity indicates an increase in labor productivity. This means that the same amount of work is being completed in less time or more work is being done in the same amount of time, resulting in a higher output per worker.

In 1971, a Bank Worker Could Process 265 Checks in 1