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1. What are the problems of measuring productivity in actual work situations?
2. How might productivity be measured for:
(a) Education (e.g., elementary and secondary education, higher education undergraduate and graduates)
(b) Government (e.g., the social security office, the internal revenue service)
(c) Manufacturing (e.g., soap and tooth paste, computers, heavy machinery)
(d) Finance and insurance (e.g., banks, insurance companies, brokerage houses)
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
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