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:

Swipe

In the digital context, a gesture or action used to interact with touchscreens by moving a finger or hand across the surface.

At-will Employees

Workers who may be hired and dismissed by their employers at any time and for any reason that is not illegal, without the need for just cause.

Lifelong Employees

Employees who spend the majority or entirety of their career working within the same organization, reflecting a long-term commitment.

Job Market

The marketplace in which employers search for employees and employees search for jobs; characterized by the supply and demand for labor.