Productivity, Defined as Real GDP Per Hour Worked, Increases If

question 111

Multiple Choice

Productivity, defined as real GDP per hour worked, increases if

• A)All of these
• B)new technologies are continuously discovered.
• C)saving and investment cause an increase in the quantity of capital per worker.
• D)the average educational level of the work force increases.
• E)new knowledge is applied in production.

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Definitions:

Acceptable Outcomes

Results or conclusions of actions, negotiations, or processes that are satisfactory to those involved or affected.

ZOPA

The zone of possible agreement, the area where two sides in a negotiation may find common ground.

BATNA

Stands for Best Alternative To a Negotiated Agreement, which refers to the most advantageous alternative course of action a party can take if negotiations fail and an agreement cannot be reached.

Legally Binding

Agreements or contracts that are enforceable by law, obliging parties to fulfill their agreed-upon terms under legal jurisdiction.