A 50% Decrease in Both Inputs and Outputs Is A(n)

question 46

Multiple Choice

A 50% decrease in both inputs and outputs is a(n) :

• A) increase in production with no change in productivity.
• B) increase in productivity.
• C) decrease in production with no change in productivity.
• D) decrease in productivity.

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Definitions:

Class Action Arbitration

A form of arbitration that allows a group of individuals with similar legal claims to arbitrate their disputes collectively rather than individually.

Federal Arbitration Act

U.S. federal law that provides the legal foundation for the enforcement of arbitration agreements and governs the conduct of arbitration proceedings.

Summary Jury Trial

A shortened trial that serves as an alternative dispute resolution method, involving a jury which listens to a summary of the case and renders an advisory verdict.

Submission Agreement

A contract which provides that a specific dispute will be resolved in arbitration.