Which of the Following Statements Is True of Productivity Measures

question 47

Multiple Choice

Which of the following statements is true of productivity measures?

• A) Partial productivity and total factor productivity measures never work best together.
• B) Partial productivity explicitly considers gains from using fewer physical inputs as well as substitution among inputs.
• C) All productivity measures are physical measures lacking financial content.
• D) Total factor productivity considers the trade-offs across various inputs based on current input prices.

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Definitions:

Null Hypothesis

A statement or assumption that indicates no effect or no difference, which the statistical test aims to reject.

Interaction

In statistics and research, it refers to a situation where the effect of one independent variable on the dependent variable differs depending on the level of another independent variable.

Profile Plot

A graphical representation of the multivariate data where each observation is represented by a plot, often used to observe patterns over time or conditions.

Main Effect

In statistics, the term refers to the primary effect of an independent variable on a dependent variable in experimental design.