Factors That Influence Labour Productivity Include

question 14

Multiple Choice

Factors that influence labour productivity include

• A)the inflation rate, the real wage rate, and the exchange rate.
• B)the labour demand curve.
• C)physical capital, the real wage rate, and technology.
• D)the demand for labour, the real wage rate, and technology.
• E)physical capital, human capital, and technology.

---

Definitions:

Social Software

Computer programs that enable users to interact and share data with each other online, such as social networking sites.

Endorses Timex

The act of publicly supporting, recommending, or approving of Timex, often done by a famous person or influencer as part of a marketing strategy.

Influence Tactic

involves strategies or actions employed to sway or alter another person's beliefs, attitudes, or behaviors towards a desired outcome.

Bounded Rationality

A concept in decision making that recognizes the limitations of human cognition and information processing, suggesting that individuals are "rationally bounded" to making decisions based on the limited information they have and their finite cognitive capacity.