The Term That Best Describes What Happens When Fewer Workers

question 32

Multiple Choice

The term that best describes what happens when fewer workers are needed to produce the same amount of output with the same amount of capital is

• A)invention.
• B)creative destruction.
• C)labor-saving technological change.
• D)diffusion.
• E)capital-saving technological change.

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Definitions:

Scientific Management

A theory of management that analyzes and synthesizes workflows, aiming to improve economic efficiency, especially labor productivity.

Equal Division

The act of distributing resources, responsibilities, or opportunities among parties in a manner that does not favor one over the others.

Planning Labor

The act of organizing and allocating workforce resources in anticipation of future work and projects.

Weber's Perspective

A theoretical viewpoint based on the work of sociologist Max Weber, emphasizing the role of bureaucracy, rationalization, and the social aspects of economic action in society.