An Increase in Total Factor Productivity Involves

question 11

Multiple Choice

An increase in total factor productivity involves

• A)more government spending.
• B)a reduced real wage.
• C)an increase in the capital stock.
• D)a better technology for converting factor inputs into aggregate output.
• E)a more educated workforce.

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Definitions:

Positive Reinforcement

A technique in behaviorism where the introduction of a rewarding stimulus following a desired behavior increases the likelihood of it being repeated.

Snake Phobia

An intense, irrational fear of snakes, often leading to avoidance behavior.

Significant Distress

A level of emotional pain or suffering that significantly impacts an individual’s daily functioning or quality of life.

Reinforcement Schedule

A plan or rule that determines how often a behavior is reinforced, influencing how quickly and how strong a behavior is learned.