If the Per-Worker Production Function Shifts Up

question 62

Multiple Choice

If the per-worker production function shifts up,

• A)it now takes more capital per hour worked to get the same amount of real GDP per hour worked.
• B)an economy can increase its real GDP per hour worked without changing the level of capital per hour worked.
• C)the per-worker production function becomes flatter.
• D)negative technological change has occurred in the economy.
• E)future production will require more resources than in the past.

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Definitions:

Supervisor Relationship

The dynamic and interaction between a supervisor and their subordinates, influencing workplace satisfaction and productivity.

Performance-Based Pay

A compensation strategy where employee pay is directly linked to their performance or achievements.

Unionized Organizations

Organizations where the workforce is represented by one or more unions, impacting negotiations on wages, working conditions, and benefits.

Getting Ready

A phase of preparation or the process of making something or someone ready for an event or operation.