Assume That a War Reduces a Country's Labour Force but Does

question 60

Multiple Choice

Assume that a war reduces a country's labour force but does not directly affect its capital stock. Then the immediate impact will be that:

• A)total output will fall, but output per worker will rise.
• B)total output will rise, but output per worker will fall.
• C)both total output and output per worker will fall.
• D)both total output and output per worker will rise.

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Definitions:

Two-Thirds Vote

A voting requirement where two-thirds of the members present must agree in order for a proposal or motion to pass.

Unanimous Vote

A unanimous vote occurs when all members of a decision-making body agree on a proposal or decision, indicating full support or approval.

Outside Directors

Board members of a corporation who are not part of the company's day-to-day operations, offering independence and oversight.

Ownership Interest

A party's legal share in or claim to a company, property, or asset, entitling them to certain rights such as profits, voting, and transfers.