The formula for labor productivity is given by
a. employment / output.
b. output / population.
c. output / employment.
d. population / output.
e. output / number of firms.
C
You might also like to view...
As a result of an increase in tariffs, imports decrease and government revenue increases
Indicate whether the statement is true or false
Which of the following groups lists the four factors of production?
A) labor, capital, land, entrepreneurship B) labor, capital, land, money C) labor, money, land, entrepreneurship D) labor, capital, money, entrepreneurship
Which of the following produces external benefits?
A. College students getting vaccinated against the flu. B. Passive smoke in a public building. C. Garbage dumped in the Atlantic Ocean. D. All of the choices are correct.
Wal-Mart's full-time employees' average hourly wages that are about ____% lower than those paid by competitors.
Fill in the blank(s) with the appropriate word(s).