Examlex
When race and ethnicity are socially constructed labels, everyone is free to choose their race or ethnic identity.
Labor's Productivity Growth
Refers to the increase in the amount of goods and services produced by one hour of labor.
Marginal Product
The additional output that is produced by using one more unit of a variable input.
Average Product
This measures the productivity of inputs by dividing total production by the number of inputs, indicating the efficiency of input use.
Total Product
The total quantity of output produced by a firm or economy as a result of combining inputs of labor and capital over a specific time period.
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