Productivity Measures

question 150

Multiple Choice

Productivity measures:

• A)how efficiently resources are turned into goods and services.
• B)how efficiently goods and services are consumed by the consumers.
• C)the level of skills embodied in a unit of labor.
• D)the ratio of inputs to a specific amount of output.
• E)the availability of resources in an economy.

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Definitions:

Controlled Panama

Reference to a period or situation in which Panama was under the control or significant influence of another state or entity, such as U.S. control over the Panama Canal Zone in the 20th century.

Panama Canal

A man-made 48-mile waterway in Panama that connects the Atlantic Ocean with the Pacific Ocean, greatly facilitating international maritime trade by providing a significantly shorter passage for ships than going around the southern tip of South America.

Moral Imperialism

The Wilsonian belief that U.S. foreign policy should be guided by morality and should teach other peoples about democracy. Wilson used this belief to both repudiate Dollar Diplomacy and justify frequent military interventions in Latin America.