An Important Source of Increasing Labor Productivity Is

question 49

Multiple Choice

An important source of increasing labor productivity is:

• A) faster growth in the labor force than in the capital stock.
• B) a decrease in the ratio of capital to labor.
• C) an increase in the ratio of capital to labor.
• D) an increase in the ratio of labor to capital.

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Definitions:

Market Value

The present cost that an asset or service is being traded for in the market.

Book Value

The value of an asset as it appears on the balance sheet, calculated by subtracting any depreciation or amortization from its original cost.

Note Payable

A written promise to pay a specific amount of money, often bearing interest, at a future date.

Market Value

The amount for which something can be sold in a given market at a particular time.