Which of the following could be used to measure the efficiency of labour?

Home » Past Questions » Economics » Jamb » 2015 » Which of the following could be used to measure the efficiency of labour?
Economics JAMB 2015

Which of the following could be used to measure the efficiency of labour?

  • rate of inflation
  • input-output ratio checkmark
  • buying more machines
  • unemployment rate

The correct answer is: B

Explanation

Efficiency of labour is the output per man per unit of time
the combination of inputs in order to produce a required level of output
Previous Question Next Question

Leave A Comment