Multiple Choice
The term "productivity"
A) means the same thing as "efficiency."
B) is seldom used by economists,as its meaning is not precise.
C) refers to the quantity of goods and services produced from each unit of labor input.
D) refers to the variety of goods and services from which households can choose when they shop.
Correct Answer:
Verified
Correct Answer:
Verified
Q30: The fact that different countries experience different
Q31: The combination of President Obama's strategies and
Q32: Incomes of U.S.households in the 1970s and
Q33: The historical rise in living standards of
Q34: A worker in Vietnam can earn $6
Q36: The increase in living standards of American
Q38: In the United States,incomes historically have grown
Q40: In the early 1980s,U.S.economic policy was directed
Q97: The slow growth of U.S. incomes during
Q122: In the short run, which of the