Labor Productivity Is Represented by Which of the Following

question 44

Multiple Choice

Labor productivity is represented by which of the following?

• A)the ratio of output to employment
• B)workers per unit of capital
• C)capital per worker
• D)the ratio of output to population
• E) the ratio of output to the labor force

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Definitions:

Agency Relationship

A legal arrangement where one party (the agent) is authorized to act on behalf of another (the principal) in business or legal matters.

Represents

To act on behalf of someone or something, often in a legal or official capacity.

Independent Contractor

An individual who provides services to another entity under a contract for services, retaining control over how the services are performed.

Specific Undertaking

A precise commitment or obligation that a party agrees to carry out.