Which of the Following Nets the Largest Productivity Improvement

question 95

Multiple Choice

Which of the following nets the largest productivity improvement?

• A) increase output 15%
• B) decrease input 15%
• C) increase both output and input by 5%
• D) increase output 10%, decrease input 3%
• E) decrease input 10%, increase output 3%

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Definitions:

Achieved Status

A social position that a person earns or chooses based on their actions, efforts, and skills, contrasted with ascribed status which is born into.

Material Wealth

The abundance of physical, tangible assets and resources owned by an individual or collective, often used as a measure of economic success or standard of living.

Social Class

A division of a society based on social and economic status, affecting people's lifestyles, attitudes, and behaviors.

Occupation

Refers to one's profession or type of job, often characterized by a specific skill set or training.