Define and describe productivity.[br][br][b][color=gray]Question ...

[sjones]

Define and describe productivity.

Question 2

If the Korean government charged tariffs on Japanese automobiles and in turn the Japanese government put tariffs on Korean automobiles, Japan's major rationale for imposing these tariffs would be to
 A) protect national security.
  B) protect domestic jobs.
  C) retaliate for Korea's tariffs.
  D) lower prices for consumers.
  E) protect an infant industry.

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Answer to Question 1

Productivity refers to the relationship between the goods and services that an economy produces and the resources needed to produce them. The amount of output-goods and services-divided by the amount of input equals productivity. The goal, of course, is to produce more goods and services, using fewer hours and other inputs. A high level of productivity typically correlates with healthy GDP growth, while low productivity tends to correlate with a more stagnant economy.
Over the past couple of decades, the United States has experienced strong productivity growth, due largely to infusions of technology that help workers produce more output, more quickly. But keep in mind that that productivity does not measure quality. That's why it is so important to examine multiple measures of economic health rather than relying on simply one or two dimensions.

Answer to Question 2

C

[sjones]

TYSM

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