Which of the Following Would Result in an INCREASE in Productivity

question 40

Multiple Choice

Which of the following would result in an INCREASE in productivity?

• A) The value/amount of the inputs used increases and the value/amount of outputs decreases
• B) The value/amount of the inputs used increases and the value/amount of outputs stays the same
• C) The value/amount of the inputs used stays the same and the value/amount of outputs decreases
• D) The value/amount of the inputs used stays the same and the value/amount of outputs increases

Examine factors influencing the elasticity of demand for a product.

Recognize the implications of elasticity for business decisions and economic policies.

Analyze the significance of unitary elasticity and its effects on demand and revenue.

Understand the relationship between price changes and quantity demanded as depicted on a demand curve.

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Definitions:

Government Regulatory Efforts

Actions taken by government bodies to control or direct economic, social, and environmental activities according to specific standards or laws.

McCarran-Walter Act

Immigration legislation passed in 1952 that allowed the government to deport immigrants who had been identified as communists, regardless of whether or not they were citizens.

Jackie Robinson

The first African American to play in Major League Baseball in the modern era, breaking the baseball color line when he started at first base for the Brooklyn Dodgers on April 15, 1947.