Unit Labor Costs Will Not Rise in Unison with Compensation

question 79

Short Answer

Unit labor costs will not rise in unison with compensation rates if gains in __________ outstrip increases in hourly compensation.

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Definitions:

Mid-Ocean Ridges

Underwater mountain ranges formed by plate tectonics, where new oceanic crust is created through volcanic activity.

Ocean Basins

The underwater depressions of the Earth's surface that contain the bulk of the planet's ocean water.

Abyssal Plains

Vast, flat areas of the deep ocean floor, situated at depths between 3,000 and 6,000 meters below sea level.

Seamounts

Underwater mountains formed by volcanic activity, which rise from the ocean floor but do not reach the surface.