Labor productivity is defined as
a. the amount of output a typical worker turns out in an hour of work.
b. the amount of output the best worker turns out in a day of work.
c. the amount of output improvement in a year of work.
d. the amount of average output improvement for a team in a year of work.
a
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From 1929 to 1932, the total value of the stock market:
A. more than tripled. B. decreased by nearly 90 percent. C. more than quadrupled. D. stayed the same.
A variety of indicators such as goods and labor market integration, differing unemployment rates, and the lack of fiscal federalism have prompted most economists to:
A) herald the success of the Eurozone. B) conclude that the Eurozone has performed better than the United States in nearly every category. C) conclude that the Eurozone has not been (and is not now) an optimal currency area going back to the 1990s. D) recommend changes to the new currency to make it more responsive to demand shocks.
The option holder is:
A. the buyer of an option. B. always a speculator. C. another name for the clearinghouse used in futures contracts. D. the seller of an option.
In a Lorenz curve, perfect income equality is represented by
A. a horizontal line. B. a 45-degree line originating from the origin. C. a rectangular hyperbola. D. a vertical line.