Which of the Following Would Not Be Expected to Increase

question 211

Multiple Choice

Which of the following would not be expected to increase labor productivity?

• A) technological advance
• B) the acquisition of more education and training by the labor force
• C) an increase in the size of the labor force
• D) the realization of economies of scale

---

Definitions:

Amortized Loan

A loan with scheduled periodic payments that consist of both principal and interest, designed to pay off the debt over a set period.

Effective Rate

The actual interest rate an investor receives or pays on a financial product, factoring in the effects of compounding.

Amortization Schedule

A table detailing each periodic payment on an amortizing loan, including breakdowns of principal and interest.

Amortizes Loans

Loans for which periodic payments are made that include both interest and principal, gradually reducing the outstanding balance.