An Important Determinant of Labour Productivity Is The

question 59

Multiple Choice

An important determinant of labour productivity is the:

• A)amount of technological knowledge available to workers
• B)market for the final product produced by labour
• C)level of minimum wage
• D)elasticity of labour supply

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Definitions:

Utilitarianism

A moral philosophy in which actions are evaluated based on their consequences.

Universal Moral Truths

Ethical principles that are believed to be applicable to all individuals regardless of culture, time, or situation.

Moral Argument

A reasoning process that bases its conclusions on ethical principles, often discussing what is right or wrong behavior.

Prescriptive Premise

A statement of value contained within an argument's premise.