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)the exploitation of labor.
B)an increase in labor productivity.
C)the displacement of labor.
D)the effects of comparative advantage.
E)the mutual gains received through voluntary trade.

Question

Quizplus · Accepted Answer

The increase in the number of checks processed per hour due to the use of computers and reader-sorters represents an increase in labor productivity, as it allows workers to accomplish more in the same amount of time.

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