Labor productivity measures
a. input per machine per hour
b. input per laborer per hour
c. output per machine per hour
d. output per laborer per hour
e. output per unit of land per hour
D
You might also like to view...
The consumption possibilities curve shows the combinations of goods that can be
A) consumed by a nation after trading begins. B) produced by a nation after trade begins. C) produced by a nation before trading begins. D) consumed by a nation before trade begins.
The Federal Reserve System
A) regulates the nation's financial institutions. B) conducts the nation's monetary policy. C) Both answers A and B are correct. D) Neither answer A nor B is correct.
A firm's private costs
A) include only its direct costs. B) is the private profit minus the producer surplus. C) include both direct and indirect costs. D) exclude the taxes on any externalities generated.
Explain how the Keynesian view differs from the classical view with respect to saving. Explain further how the two views differ with respect to investment