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Which of the following is the likely negative consequence of solving a labor surplus by letting people go?
Increased Productivity
A situation where more output is produced from the same amount of inputs due to efficiency improvements.
Managers Training
Programs designed to improve the skills, knowledge, and performance of individuals in leadership and supervisory roles.
Output Produced
The total amount of goods and services produced by a firm or an economy during a specific period.
Input
Resources used in the process of production, including raw materials, labor, and capital.
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