Which of the Following Increases Labour Productivity

question 30

Multiple Choice

Which of the following increases labour productivity?

• A)an increase in the aggregate hours of work
• B)decreases in the availability of computers and factory buildings
• C)inventions of new machinery, equipment, or software
• D)a decline in the health of the population
• E)an increase in regulations

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Definitions:

Large Profit

A significantly high net income resulting from the difference between revenue and expenses.

Competitive Market Economy

A market structure characterized by many buyers and sellers, free entry and exit, and a product for which each firm is a price taker.

Economic Progress

The overall growth and improvement in a society's economy, marked by an increase in wealth, quality of life, and standards of living.

Airlines

Companies that provide air transport services for traveling passengers and freight, utilizing aircraft for domestic and international flights.