Asked by Chase Freriks on Jun 08, 2024
Verified
The amount of goods or services produced for every hour worked is known as:
A) the economy
B) productivity
C) worker satisfaction
D) output
E) all of these choices
Productivity
A measure of the efficiency of production, often quantified as the ratio of outputs produced to inputs used in the production process.
Hour Worked
A measure of the amount of time spent performing tasks or duties for an employer during a specified period.
Goods
Tangible products or commodities that can be bought, sold, or traded and are typically used to satisfy wants or needs.
- Understand the importance of productivity in the economic context and how it's measured.
Verified Answer
LM
Logan MostashiryJun 08, 2024
Final Answer :
B
Explanation :
Productivity is the specific term used for the amount of goods or services produced per hour worked. The other options (economy, worker satisfaction, and output) are all related to productivity, but do not directly describe the concept itself.
Learning Objectives
- Understand the importance of productivity in the economic context and how it's measured.