A Rise in the Average Productivity of Labor

question 1

Multiple Choice

A rise in the average productivity of labor

• A)always reflects technical progress.
• B)reflects technical progress if other input usage hasn't changed.
• C)reflects technical progress only if labor input hasn't changed.
• D)reflects technical progress only if the quantity of output is increased.

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Definitions:

Systematic Risk

The risk inherent to the entire market or market segment, which cannot be eliminated through diversification.

Beta

Beta is a measure of the volatility, or systematic risk, of a security or portfolio in comparison to the market as a whole, indicating its sensitivity to market movements.

Market Index

A hypothetical portfolio of investment holdings that represents a segment of the financial market, used as a benchmark to measure an investment's performance.

Standard Deviation

A statistical measurement of variation or dispersion around an average, indicating how much a set of numbers is spread out.