Why Is Productivity Important to Countries

question 71

Multiple Choice

Why is productivity important to countries?

• A)Productivity matters because it produces a higher standard of living. 
• B)Greater productivity results in lower wages. 
• C)Productivity increases supply and reduces demand for products. 
• D)Productivity reduces taxation.

Identify the major types of cells in the nervous system and their roles.

Describe the structure and function of the meninges and the spinal cord.

Understand the role of myelin in nerve impulse conduction.

Recognize how and where nerve impulses are generated and transmitted.

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Definitions:

Relevant Range

The band of normal activity level or volume in which specific cost and revenue relationships hold true.

Mixed Costs

Expenses that have both fixed and variable components, changing in total with the level of activity but not in a directly proportional manner.

Selling and Administrative Expenses

Costs related to the selling of products and the managing of the company, excluding production costs.

Contribution Margin

The amount of revenue remaining after deducting variable costs, contributing towards covering fixed costs and generating profit.