Which Factors Explain Labor Productivity

question 237

Multiple Choice

Which factors explain labor productivity?

• A)technological change; the quantity of labor per hour worked
• B)diminishing returns; the quantity of labor per hour worked
• C)diminishing returns; the quantity of capital per hour worked
• D)technological change; the quantity of capital per hour worked

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Definitions:

Sea Level Risen

The increase in the global average level of the oceans, attributed mainly to climate change and the melting of ice caps and glaciers.

Coastal Dunes

Natural accumulations of sand or sediment found along coastlines, formed by the wind and protecting inland areas from sea surges.

Equity Method

An accounting technique used to record investments in other companies, where the investment gives the investor significant influence over the investee, typically reflected as a percentage of the investee's net income or loss on the investor's balance sheet.

Consolidated Financial Statements

Financial statements that aggregate the financial position and operating results of a parent company and its subsidiaries, presenting the group as a single economic entity.