Asked by Stephani Bushur on May 09, 2024
Verified
If Country A produces 7,000 units of goods and services using 700 hours of labor, and if Country B produces 5,500 units of goods and services using 500 units of labor, then productivity is lower in Country A than in Country B.
Productivity
The quantity of goods and services produced from each unit of labor input.
- Comprehend the concept of productivity and how it is measured.
Verified Answer
TP
tiara parkerMay 15, 2024
Final Answer :
True
Explanation :
Country A has a productivity rate of 10 units per hour (7,000 units / 700 hours), while Country B has a productivity rate of 11 units per hour (5,500 units / 500 hours), making Country B more productive.
Learning Objectives
- Comprehend the concept of productivity and how it is measured.