Suppose That Last Month the Cost of Inputs Summed to $100,000

question 93

Multiple Choice

Suppose that last month the cost of inputs summed to $100,000, and the value of outputs summed to $800,000. For which of the following values this month would productivity increase?

• A) inputs = $110,000, outputs = $800,000
• B) inputs = $50,000, outputs = $400,000
• C) inputs = $200,000, outputs = $1,600,000
• D) inputs = $100,000, outputs = $820,000
• E) inputs = $300,000, outputs = $1,600,000

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Definitions:

Thomas Jefferson

The third President of the United States (1801–1809), principal author of the Declaration of Independence (1776), and an influential Founding Father known for his promotion of the ideals of republicanism.

Federal Power

The authority and capabilities possessed by the federal government, as distinguished from the powers held by state or local governments.

Louisiana

A state located in the southeastern region of the United States, known for its diverse culture, particularly its Creole and Cajun influences, and as the site of New Orleans, a major cultural and economic hub.

Embargo Act

Attempt in 1807 to exert economic pressure by prohibiting all exports from the United States, instead of waging war in reaction to continued British impressment of American sailors; smugglers easily circumvented the embargo, and it was repealed two years later.