Dilbert's Incorporated produced 5,000,000 units of accounting software in 2010 . At the start of 2011 the pointy-haired boss reduced total annual hours of employment from 10,000 to 8,000 and production was 4,800,000 . These numbers indicate that productivity
a. fell by 4%.
b. fell by 20%.
c. rose by 12%.
d. rose by 20%.
d
You might also like to view...
Under a market system, the people with information about buyers' desires, production technology and resources make the decisions
Indicate whether the statement is true or false
If Robinson makes 40 purses or 5 wallets per week, and Chamberlin makes 16 purses or 2 wallets per week, then
A) neither Robinson nor Chamberlin stands to gain by specialization and exchange. B) both would gain through exchange if Robinson specialized in purses, Chamberlin in wallets. C) both would gain through exchange if Robinson specialized in wallets, Chamberlin in purses. D) only Robinson would gain through specialization and exchange.
The main attractive feature(s) of a negative income tax program is (are):
a. c and d. b. c, d, and e. c. it is simple. d. it avoids the stigma of hand-outs. e. it only subsidizes the unemployed.
A majority of the world's exports are exported to
a. small countries b. less-developed countries c. poor countries d. industrially-developed countries e. the United States