Use the Following Two Statements to Answer This Question: I

question 58

Multiple Choice

Use the following two statements to answer this question: I. Economic theories are developed to explain observed phenomena by deducing from a set of basic rules and assumptions.
II) Economic theories use value judgments to determine which people ought to pay more taxes.

• A) Both I and II are true.
• B) I is true, and II is false.
• C) I is false, and II is true.
• D) Both I and II are false.

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Definitions:

Productivity

The measure of the efficiency of a person, machine, system, etc., in converting inputs into useful outputs.

Physical Work Conditions

Aspects of the work environment that impact employees' physical health and safety, such as ergonomics, noise, and temperature.

Hawthorne Effect

The phenomenon in which participants alter their behavior due to their awareness of being observed in an experiment or study.

Performance Increase

A performance increase refers to the improvement in the execution or outcome of a task or activity, often as a result of practice, training, or modifications in approach.