passwella.
Menu

JAMB Economics 2002 Question 26

Question 26

Labour Market

Improved labour efficiency can be measured by

  1. A.an increase in output-input ratio
  2. B.a decrease in output-input ratio
  3. C.the constancy of input-output ratio
  4. D.an increase in input-output ratio
Show the answer and explanation

Answer: A (an increase in output-input ratio)

Explanation

Efficiency means getting more output from the same input, so a rising output-input ratio shows improved efficiency.