For a Given Technology and a Given Labor Force, Labor

question 146

Multiple Choice

For a given technology and a given labor force, labor productivity will be ____ when the capital stock is ____.

• A)higher; larger
• B)lower; larger
• C)lower; unchanged
• D)higher; smaller

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Definitions:

General Journal

A bookkeeping ledger that records every financial transaction of a business in chronological order.

Revenues Journal

A record of sales and income transactions, typically used in accounting to track and manage revenue generation.

Cash Receipts Journal

An accounting journal used to record all cash inflows or money received by the business.

All-purpose Journal

A general ledger used in accounting to record financial transactions that do not fit specifically into other specialized journals.