If Average Labor Productivity Increases While Population and the Number

question 41

Multiple Choice

If average labor productivity increases while population and the number of employed workers remain constant, then output per person:

• A)increases.
• B)decreases.
• C)remains constant.
• D)may increase or decrease.

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Definitions:

Price Ceiling

A legally imposed limit on the price that can be charged for a good or service.

Shortage

A situation in which the demand for a product or service exceeds its supply in a market.

Units

Units refer to the individual, standardized quantities of a product or measurement used for counting, assessment, or comparison.

Government Program

A plan or project undertaken by a government to provide public services, address social issues, or achieve economic objectives.