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:

Per-Unit Costs

The cost incurred to produce, manufacture, or acquire a single unit of a product or service.

Decrease

A reduction in size, quantity, or importance of something.

Technological Advancements

Progress in technology which results in new inventions and innovations that can improve the efficiency and productivity of systems.

Worker Productivity

Refers to the amount of goods and services that a worker produces in a given amount of time.