Answer the questions about concepts related to productivity. 1. What is productivity? What is the difference between production and productivity? (1 point)

2. What is specialization, or division of labor? How does it relate to productivity? (1 point)

3. Describe the concept of economies of scale. how does it relate to productivity?

4. What is the law of diminishing returns? How does it relate to productivity?

5. What is comparative advantage? How does it relate to productivity?

Almost 80% of business owners are clueless about the competition, resulting in a) lost market share and customers. b) needless lawsuits. c) uninspired products. d) lack of perseverance

Determine if the following statements are true or false. an increase in government spending can crowd out private investment. an improvement in the budget balance increases the demand for financial capital. an increase in private consumption may crowd out private investment. lower interest rates can lead to private investment being crowded out. a trade balance in sur+ increases the supply of financial capital. if private savings is equal to private investment, then there is neither a budget sur+ nor a budget deficit.

Uknow what i love about i ask a dumb question it is immediately answered but when i ask a real question it take like an hour to get answered