If Labor Productivity Increases

question 9

Multiple Choice

If labor productivity increases

• A) labor costs rise by equal increments.
• B) the demand for labor increases.
• C) some workers will be laid off.
• D) jobs will relocate.

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Definitions:

Deficiency

The state of lacking a necessary quality or element, leading to inadequacy or incompleteness.

Decision Complexity

The level of difficulty and the number of factors and variables that must be considered when making a decision.

Government Regulation

The act of governing bodies setting and enforcing rules and standards on industries, businesses, and individuals to protect public interest.

Decision Complexity

The level of difficulty in making a choice, often due to the number of variables, potential outcomes, or implications involved.