All of the Following Are Reasonable Explanations of the Labor

question 151

Multiple Choice

All of the following are reasonable explanations of the labor productivity speed-up in the United States except

• A)labor force quality.
• B)technological change.
• C)investment spending.
• D)research and development.

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Definitions:

Unemployment

The state of being without a job while actively looking for employment.

Philosophy

The study of fundamental questions about existence, knowledge, values, reason, mind, and language.

Cold Weather

A condition of low temperatures in the environment, which can have various economic impacts depending on the context.

Scarcity

The economic problem of having seemingly unlimited human wants in a world of limited resources.