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:

Ordinal Data

Data that can be categorized or ranked in order but does not quantitatively measure differences between categories.

Normally Distributed Populations

Populations that follow a normal distribution, characterized by a bell-shaped curve.

Z-Test Approximation

A statistical test used to determine if there are significant differences between means with known variance and a large sample size.

Two Independent Samples

A statistical method involving the comparison of two groups of data where the samples are collected independently of one another.