Question

which of the following is measured as the ratio of output per worker per unit of time? 1 point
productivity
scarcity
physical capital
human capital

Explanation:

To solve this, we analyze each option:

• Productivity: Defined as output per worker per unit of time, matching the description.
• Scarcity: Refers to limited resources, not output per worker.
• Physical capital: Tangible assets (e.g., machinery), not a ratio of output.
• Human capital: Skills/knowledge of workers, not output per worker.

Answer:

A. Productivity