How would you describe unit labor requirement? Select one – the most appropriate answer.

Question

BlackTom AI · Accepted Answer

To tackle the question properly, I’ll evaluate what ‘unit labor requirement’ means and then assess each option in light of that definition.
Option 1: 'It’s the volume of labor required to manufacture a unit of a good.' This aligns precisely with the standard economic definition of unit labor requirement, which is the amount of labor (often measured in man-hours or similar units) needed to produce one unit of a good. It captures the core idea that we’re quantifying labor input per unit of output.
Option 2: 'It’s the indicator of export specialization of individual economies.' This describes a different concept—comparative or absolute advantage and sectoral specialization—rather than the specific measurement of labor input per unit. It confuses a market outcome or strategic focus with a production input metric.
Option 3: 'It’s the number of hours of labor required to produce a pound of cheese.' While this is a concrete instance, it wrongly implies unit labor requirement is fixed to one product or unit (a pound of cheese). In general, unit labor requirement is defined per unit of any good, not inherently tied to any particular product or unit called out in the statement, so this option is overly specific and not universally accurate.
Option 4: 'It’s the measure of how productive a good is.' This describes productivity, which is typically output per unit of input (e.g., output per labor hour) rather than the input side itself. Unit labor requirement is a measure of input needed per unit of output, whereas productivity is about how much output is produced per unit of input, making this option misleading.
In summary, the most accurate and general description among the choices is Option 1, as it directly defines unit labor requirement as the volume of labor required to manufacture one unit of a good, without tying it to a specific product or miscasting its relationship to productivity or export patterns.

econ_420_120255_249094 Lesson 3 Quiz

How would you describe unit labor requirement? Select one – the most appropriate answer.

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