The Ratio of a Firm's Monthly Output to the Number

question 70

Multiple Choice

The ratio of a firm's monthly output to the number of labour hours used in the same month would be a measure of

• A) labour productivity.
• B) capital productivity.
• C) machine productivity.
• D) multifactor productivity.

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Definitions:

Maine

The northeasternmost state in the United States, known for its scenic coastlines, lighthouses, and as a major producer of lobsters.

South

A region in the United States characterized by its unique cultural, historical, and economic attributes, often distinguished by its geographic location below the Mason-Dixon line.

Bargain of 1877

Deal made by a Republican and Democratic special congressional commission to resolve the disputed presidential election of 1876; Republican Rutherford B. Hayes, who had lost the popular vote, was declared the winner in exchange for the withdrawal of federal troops from involvement in politics in the South, marking the end of Reconstruction.

Samuel Tilden

Samuel Tilden was an American politician who served as the 25th Governor of New York and was the Democratic candidate for the U.S. Presidency in the disputed election of 1876.