In a Particular Country in 2000,the Average Worker Needed to Work

question 72

Multiple Choice

In a particular country in 2000,the average worker needed to work 40 hours to produce 55 units of output.In that same country in 2008,the average worker needed to work 30 hours to produce 45 units of output.In that country,the productivity of the average worker

• A)decreased by about 6 percent between 2000 and 2008.
• B)remained unchanged between 2000 and 2008.
• C)increased by about 9 percent between 2000 and 2008.
• D)increased by about 18 percent between 2000 and 2008.

---

Definitions:

Decree Of Bankruptcy

A formal declaration by a court that declares a person or organization as insolvent, unable to pay their debts.

Liquidated Damages

A predetermined amount of money stipulated in a contract that one party will pay to the other in case of a breach.

Penalty Clause

A contractual provision that imposes a financial penalty on a party for a breach of contract or failure to meet specific terms.

Better Title

A legal principle indicating that among multiple claims to ownership or rights, one claim is superior or more legally valid than the others.