Which of the Following Will Not Increase the Average Productivity

question 8

Multiple Choice

Which of the following will not increase the average productivity of labor?

• A)an increase in the stock of real capital
• B)improvement in the education and health of the population
• C)technological progress
• D)an increase in the size of the labor force

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Definitions:

Rebate

A partial refund given to someone who has paid too much for tax, rent, or a utility.

Mailbox Rule

The mailbox rule is a legal principle that an offer is considered accepted once the acceptance is properly placed in the mail, even if it is lost or delayed.

Effective Upon Dispatch

Effective upon dispatch refers to the principle that certain actions, such as the sending of a notification or document, are considered effective from the moment they are sent, not when they are received.

Reasonable Expectation

refers to what an average person might foresee or predict as a likely outcome under certain circumstances, often used as a standard in legal and ethical considerations.