Economists Collect and Analyze Data on Output Per Worker and Output

question 55

Multiple Choice

Economists collect and analyze data on output per worker and output per hour of work.What are they trying to measure by doing so?

• A)the ratio of marginal products of factors
• B)productivity
• C)diminishing marginal returns
• D)the principle of substitution
• E)returns to scale

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Definitions:

Conscious Reactions

Responses that involve awareness and deliberate thought.

Abstract Painting

Art that does not attempt to represent external reality, but seeks to achieve its effect using shapes, colors, and textures.

Test-Retest Reliability

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Sensation and Perception

The stages of processing and interpreting sensory information from the environment, starting with raw sensory input and ending with the perception of meaningful objects and events.