The Quantity of Goods and Services Produced from Each Unit

question 190

Multiple Choice

The quantity of goods and services produced from each unit of labor input is called

• A) standard of living.
• B) productivity.
• C) capitalized quantity.
• D) the knowledge base.

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Definitions:

Practical Ways

Effective and feasible methods or strategies that can be applied to solve real-world problems or accomplish tasks.

Id's Drives

Psychoanalytic concept referring to the instinctual, unconscious drives and desires that seek immediate satisfaction according to the pleasure principle.

Socially Acceptable

Behaviors or norms that are considered appropriate and within the bounds of respectability within a society or community.

Ego

In psychoanalytic theory, the part of the mind that mediates between the conscious and the unconscious and is responsible for reality testing and a sense of personal identity.