Output Per Worker Hour Is Known as

question 270

Multiple Choice

Output per worker hour is known as

• A) per capita output.
• B) potential output.
• C) labor productivity.
• D) all of the above

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Definitions:

Anchoring Bias

A mental shortcut in which a person gives disproportionate weight to the first piece of information they receive (known as the "anchor") during decision-making processes.

Anchoring And Adjustment

Anchoring and adjustment is a cognitive bias in decision-making where an initial piece of information, the "anchor," heavily influences subsequent judgments and adjustments.

Creativity

The use of imagination or original ideas to create something; inventiveness.

Innovation

The creation and development of a new product or service.