Labor Productivity Is Calculated By

question 14

Multiple Choice

Labor productivity is calculated by:

• A) outputs/direct labor.
• B) outputs minus direct labor.
• C) inputs/direct labor.
• D) outputs x direct labor/inputs.
• E) direct labor/outputs.

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Definitions:

Wealth Of Nations

A foundational economic text written by Adam Smith, which discusses the mechanics of market economies and introduces the concept of the ‘invisible hand’.

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