a. produc tion and productivity are the same.
b. an increase in production must result in an increase in productivity.
c. productivity increases wh en all of a nation's resources are fully employed.
d. increased production with the same resources results in increased productivity.
2007-01-10 08:10:35 · 4 answers · asked by -- 2 in Social Science ➔ Economics
D is correct. Productivity deals with how much can be produced from a set of resources. Production deals with the total quantity produced. Productivity then is more of a marginal concept, how much can be squeezed out of an additional unit placed into production.
2007-01-10 08:14:59 · answer #1 · answered by theeconomicsguy 5 · 1⤊ 0⤋
D is the correct answer. Productivity is the amount of output per limited resources. Production is the amout of something created, while productivity measures how efficient the resources are at generating the output.
2007-01-10 16:27:53 · answer #2 · answered by jonmm 4 · 1⤊ 0⤋
D
the change in resources + the change in productivity = the change in production
2007-01-10 16:26:34 · answer #3 · answered by Mr. DC Economist 5 · 0⤊ 0⤋
b.
2007-01-12 06:57:22 · answer #4 · answered by monyx 3 · 0⤊ 0⤋