Changing how production is organized cannot result in changes in productivity
Indicate whether the statement is true or false
False. Henry Ford's assembly line is an example of how changes in the organization of production increased productivity.
You might also like to view...
Opportunity cost can best be defined as the
A. money cost of a good or service. B. money cost plus interest on money borrowed to buy a good or service. C. cost of the resources used to produce a good or service. D. value of the best alternative forgone when the alternative at hand is chosen.
Which of the following correctly describes how the "global pie is baked"?
A) The United States' share of economic pie is increasing while China's share is decreasing. B) The increase in manufacturing has taken place in mainly the advanced economies. C) Asia accounts for about 40 percent of the global pie. D) Emerging economies account for about 25 percent of the global pie. E) Advanced economies account for about 50 percent of the value of the world's production.
The unemployment rate for younger workers is usually ________ the unemployment rate for older workers.
A. more predictable than B. higher than C. lower than D. approximately equal to
In China, firms owned by the government are known as
A) state-owned enterprises (SOEs). B) government enterprises. C) corporations. D) government owned partnerships.