Productivity Is the

question 68

Multiple Choice

Productivity is the

• A)key determinant of living standards,and growth in productivity is the key determinant of growth in living standards.
• B)key determinant of living standards,but growth in productivity is not the key determinant of growth in living standards.
• C)not the key determinant of living standards,but growth in productivity is the key determinant of growth in living standards.
• D)not the key determinant of living standards,and growth in productivity is not the key determinant of growth in living standards.

---

Definitions:

Mental Activity

The operation of the mind through processes like thinking, learning, memory, perception, and problem-solving.

Goods

Tangible items that are produced, bought, or sold, serving as objects of commerce and economic transactions.

Services

Activities or functions that are provided by individuals or organizations to fulfill the needs or wants of others.

Offshoring

Sending work or jobs to another country to cut a company’s costs at home (sometimes called international outsourcing and offshore outsourcing).