In a Particular Country in 1998, the Average Worker Needed

question 110

Multiple Choice

In a particular country in 1998, the average worker needed to work 25 hours to produce 40 units of output. In that same country in 2008, the average worker needed to work 40 hours to produce 68 units of output. In that country, the productivity of the average worker

• A)decreased by 1.7 percent between 1998 and 2008.
• B)remained unchanged between 1998 and 2008.
• C)increased by 4.75 percent between 1998 and 2008.
• D)increased by 6.25 percent between 1998 and 2008.

Recognize the scale of slaveholding among southern slaveholders and the economic implications.

Comprehend the concepts and beliefs underpinning the paternalistic ethos and its application to the institution of slavery.

Identify the differences between the Upper South and Lower South in terms of economics, secession sentiments, and commitment to slavery.

Analyze the impact of significant events on the entrenchment of the paternalistic ethos among southern slaveholders.

---

Definitions:

Profit Center Income Statement

A financial report that details the revenues, costs, and profits of a distinct unit within a company, focusing on its financial performance.

Controllable Revenues

Revenues earned by a profit center.

Return On Investment

A measure used to evaluate the efficiency or profitability of an investment, calculated by dividing the profit gained from an investment by the cost of the investment.

Operating Income

The profit earned from a firm's core business operations, excluding deductions of interest and taxes.