Increased Productivity Leads To

question 32

Multiple Choice

Increased productivity leads to:

• A) less efficient use of resources.
• B) greater variety of goods and services at lower prices.
• C) decreased standard of living for the population.
• D) less variety of goods and services at higher prices.

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Definitions:

Reasonable Care

The standard of care that a reasonably prudent person would observe under a given set of circumstances.

Bailee for Reward

A bailee for reward refers to an individual or entity that has temporary possession of someone else’s property in exchange for payment, bound to take care of the property.

Negligent Loading

The improper or careless loading of cargo onto a mode of transportation, leading to damage or accidents.

Trailer

A trailer is a large transportable container on wheels, designed to be hauled by a truck or tractor, used for transporting goods or as a mobile living accommodation.