If the Productivity of Labour Is Increasing in an Economy

question 68

True/False

If the productivity of labour is increasing in an economy, it means the compensation paid to workers is increasing at a faster rate than the rate at which output rises.

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Definitions:

Lab Experiment

A research study conducted in a controlled environment where variables can be manipulated to observe their effect on various outcomes.

Behavior Modification

The direct and systematic application of principles of learning to change maladaptive or unwanted behaviors into more desirable behaviors.

Reciprocal Determinism

A theory proposed by Albert Bandura that suggests human behavior, personal factors, and the environment continually interact and influence each other.

Extinction

The process through which a conditioned response diminishes over time as it is no longer reinforced.