Dilbert's Incorporated Produced 5,000,000 Units of Accounting Software in 2010

question 107

Multiple Choice

Dilbert's Incorporated produced 5,000,000 units of accounting software in 2010.At the start of 2011 the pointy-haired boss reduced total annual hours of employment from 10,000 to 8,000 and production was 4,800,000.These numbers indicate that productivity

• A)fell by 4%.
• B)fell by 20%.
• C)rose by 12%.
• D)rose by 20%.

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Definitions:

World Production

encompasses the total output of goods and services by all economies across the globe over a specific period.

Self-Sufficient

The ability to fulfill all of one's needs without relying on external assistance.

Comparative Advantage

The ability of a country, individual, company, or region to produce a particular good or service at a lower opportunity cost than others.

Absolute Advantage

The ability of a country or firm to produce a greater quantity of a good, product, or service than competitors, using the same amount of resources.