Which of the Following Would Cause Labor's Share of National

question 71

Multiple Choice

Which of the following would cause labor's share of national income to increase?

• A)Labor productivity increases less rapidly than the real wage rate.
• B)Labor productivity increases more rapidly than the real wage rate.
• C)Labor productivity has increased at the same rate as the real wage rate.
• D)Labor's share of national income is not affected by the relative growth rates of labor productivity and the real wage rate.

Comprehend the characteristics and benefits of high-performance work systems.

Identify the key components necessary for the development of trust in virtual organizations.

Analyze how managerial personalities can influence organizational structure.

Distinguish between bureaucratic and flexible organizational structures.

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Definitions:

Linear Production

A production process where inputs are combined in fixed proportions and the output level changes linearly with changes in input levels.

Labor Hours

A measure of the amount of work effort, in hours, performed by employees within a specific time period.

Normative View

An opinion or viewpoint based on what is considered to be ideal or how things should be rather than on empirical evidence.

Federal Minimum Wage

The lowest legal hourly wage that employers can pay their workers, as mandated by federal law.