In 1971, a Bank Worker Could Process 265 Checks in 1

question 221

Multiple Choice

In 1971, a bank worker could process 265 checks in 1 hour.Currently, computers with built-in reader-sorter processing capacity have pushed that number above 100,000 checks per hour.Economists describe this type of activity as

• A)exploitation of labor.
• B)an increase in labor productivity.
• C)speed-up.
• D)comparative advantage.
• E)mutual gains from voluntary trade.

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E-Mail

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