Total Factor Productivity Can Be Influenced by

question 5

Multiple Choice

Total factor productivity can be influenced by

• A) new inventions.
• B) less capital.
• C) more labour.
• D) increases in the price of inputs.
• E) consumption per worker.

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Definitions:

Previous Debt

An obligation or a financial liability that was incurred before the current period or transaction being considered.

Illusory Promise

A statement that appears to assure a commitment but lacks the essential elements to bind the promisor legally.

Option to Cancel

A clause in a contract that allows one or more parties to terminate the agreement under certain conditions.

Legally Sufficient Consideration

refers to something of value or a promise exchanged between parties in a contract that is recognized by law as adequate to establish a binding agreement.