Since 1950, Farm Productivity Has

question 244

Multiple Choice

Since 1950, farm productivity has

• A)advanced twice as fast as in nonfarm sectors of the economy.
• B)lagged behind productivity advances in the nonfarm economy.
• C)almost exactly matched productivity increases in the rest of the economy.
• D)doubled.

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Definitions:

Unions

Organizations formed by workers to collectively negotiate with employers regarding wages, working conditions, and other employment rights and benefits.

Merit Pay

A compensation strategy that rewards employees based on their performance, often used as an incentive for higher productivity and job satisfaction.

Public Sector

The part of the economy composed of both public services and public enterprises, managed and financed by the government.

Piece Rates

A pay system where employees are compensated based on the amount of work completed, such as the number of items produced or tasks finished.