What is output per labor-hour?Multiple choice question.ProductivityCapital-intensiveLabor-intensiveA factor of production

The correct answer to the question "What is output per labor-hour?" is Productivity.

Explanation

1. Definition of Productivity: In economic terms, productivity specifically measures the output of goods and services produced per hour of labor. It indicates how efficiently labor is being used in the production process.

2. Analysis of the Other Options:

   • Capital-intensive: This refers to processes or industries that require large amounts of capital investment relative to labor input, but it does not define output per labor-hour.
   • Labor-intensive: This denotes industries or practices that rely heavily on human labor, but it does not measure output per hour.
   • A factor of production: This is a broad term that includes any resource used in the production of goods and services but does not specifically pertain to the measurement of output per labor-hour.

Final Answer

Productivity.