Increases in the Productivity of Labor Result Partly from

question 69

Multiple Choice

Increases in the productivity of labor result partly from

• A) the law of diminishing returns.
• B) improvements in technology.
• C) reductions in wage rates.
• D) increases in the quantity of labor.

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Definitions:

Schema

Cognitive structures that help us organize and interpret information based on prior experiences.

Prototype

An example that embodies the most common and typical features of a concept.

Natural Concept

A concept acquired not from a definition but through everyday perceptions and experiences.

Inductive

A reasoning process that involves making generalizations based on specific observations or examples.