In 1971, a Bank Worker Could Process 265 Checks in 1

question 39

Multiple Choice

In 1971, a bank worker could process 265 checks in 1 hour.Currently, computers with built-in reader-sorter processing capacity have pushed that number above 100,000 checks per hour.Economists describe this type of activity as

• A)the exploitation of labor.
• B)an increase in labor productivity.
• C)the displacement of labor.
• D)the effects of comparative advantage.
• E)the mutual gains received through voluntary trade.

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Definitions:

Early Childhood

A critical period in human development spanning from birth to around 8 years old, where fundamental physical, cognitive, emotional, and social development occurs.

Social Behaviors

Actions within a species that are directed to, or influenced by, other members of the same species.

Preschool

An educational establishment or learning environment for children prior to the commencement of compulsory education at primary school.

Engage

To participate or become involved in an activity or interaction with others.