Economic Factors Influencing Productivity Quiz Test your knowledge on economic factors influencing productivity. From GDP to technological innovation, assess your understanding with 11 insightful questions.
#1
Which of the following is not considered an economic factor influencing productivity?Technology
Labor
Consumer preferences
Government regulations
#2
In the context of economic factors, what does GDP stand for?General Demand Product
Gross Domestic Product
Growth Development Protocol
Global Domestic Potential
#3
Which of the following is a microeconomic factor influencing productivity?Exchange rates
Inflation rates
Consumer income
Global economic policies
#4
Which of the following is an example of a macroeconomic factor influencing productivity?Consumer preferences
Market competition
Monetary policy
Individual skills
#5
What does the term 'capital' typically refer to in economics?Financial assets
Physical assets used in production
Human resources
Natural resources
#6
What is the formula for calculating labor productivity?Total output / Total labor cost
Total output / Total labor input
Total labor cost / Total output
Total labor input / Total output
#7
What effect does technological innovation usually have on productivity?Decreases it
Has no impact
Increases it
Makes it unpredictable
#8
Which economic factor is primarily concerned with the efficiency of resource allocation?Government intervention
Market structure
Resource mobility
Entrepreneurship
#9
Which of the following is a characteristic of labor productivity?It measures the total output per unit of labor input
It is unaffected by technological changes
It is inversely related to wages
It only considers manual labor
#10
How does globalization typically impact productivity?Increases it by promoting competition
Decreases it due to cultural differences
Has no significant impact on productivity
Increases it by restricting trade barriers
#11
Which of the following is not a component of Total Factor Productivity (TFP)?Technological progress
Capital intensity
Human capital
Raw material cost
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