Productivity Is Defined as

question 189

Multiple Choice

Productivity is defined as

• A) the amount of difficulty that is involved in producing a given quantity of goods and services.
• B) the quantity of labor that is required to produce one unit of goods and services.
• C) the quantity of goods and services produced from each unit of labor input.
• D) the quantity of goods and services produced over a given amount of time.

---

Definitions:

Skilled-Based

Relating to or focused on abilities and expertise rather than educational credentials or job titles.

Hourly Rate

The amount of money paid for each hour of work.

Equal Pay

The principle or practice of paying employees the same amount for the same or substantially similar work, regardless of their gender or another protected characteristic.

Peter Principle

A concept that suggests people in a hierarchy tend to rise to their "level of incompetence," where they no longer have the ability to perform well.