Of the Following,which Is the Least Likely Example of an Increase

question 46

Multiple Choice

Of the following,which is the least likely example of an increase in total factor productivity?

• A) the introduction of the assembly line
• B) the invention of the personal computer
• C) good weather
• D) a reduction in the relative price of energy
• E) an educated work force

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Definitions:

Two Gallons of Milk

A specific quantity of milk, equivalent to approximately 7.57 liters, often used in reference to grocery shopping or consumption tracking.

Extensive Decision Making

A complex process involving significant research and evaluation, typically associated with high-value or infrequent purchases.

Buying Decision

The process by which a consumer identifies a need or desire, gathers information, evaluates choices, and finally selects a product or service.

Decision-making Process

A structured approach to making choices by gathering information, identifying alternatives, weighing options, and choosing a course of action.