Australian Tariffs on Canadian Timber Products Have Led to ________

question 102

Multiple Choice

Australian tariffs on Canadian timber products have led to ________ the production of timber products in Australia.

• A) an increase in
• B) the elimination of
• C) no change in
• D) a decrease in
• E) making illegal the

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Definitions:

Productivity

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

Output/Input

A measure of efficiency that compares the quantity or quality of outputs (results, products) generated by a system to the inputs (resources, time) used.

Productivity

The measure of how efficiently resources are used to produce outputs.

Inputs

Resources used in the production process to generate outputs, including raw materials, labor, and capital.