The More Times a Worker Performs a Particular Task, the More

question 13

Multiple Choice

The more times a worker performs a particular task, the more proficient the worker becomes at that task. This source of productivity increase is called

• A) continuity.
• B) innovation.
• C) specialization.
• D) repetition.

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Definitions:

Cash Flows

The net amount of cash and cash-equivalents being transferred into and out of a business, vital for assessing the financial health of an entity.

NAFTA

The North American Free Trade Agreement, which was a treaty between the United States, Canada, and Mexico aimed at eliminating trade barriers between the countries.

Absolute PPP

Absolute Purchasing Power Parity, an economic theory suggesting that goods in different countries should have the same price when expressed in a common currency.

Trade Barriers

Measures that governments or public authorities introduce to make imported goods or services less competitive than locally produced goods and services.