The Effect of an Increase in Labour Productivity, Assuming No

question 66

Multiple Choice

The effect of an increase in labour productivity, assuming no change in the supply of labour, is
i. an increase in the real wage.
ii. an increase in potential GDP.
iii. a decrease in the demand for labour.

• A) i only
• B) i and ii
• C) i and iii
• D) ii and iii
• E) i, ii and iii

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Definitions:

Marketing Effort

Activities and strategies employed by companies to market their products or services to target consumers effectively.

Sales Management

The process of directing an organization's sales team by developing strategies and managing resources to achieve sales targets.

Direct Selling

A distribution method where products are sold directly to consumers in a non-retail environment, typically through personal sales presentations.

Salesforce

A group of employees working in the sales department tasked with selling the company's products or services.