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:

Lower Status Rank

A position in a social hierarchy that has less prestige, authority, or influence than higher-ranked positions.

Provide Less Value

The act or process of delivering products, services, or outcomes that are perceived to be of lower benefit or importance compared to expectations or alternatives.

Group

A collection of individuals who interact with one another, share similar characteristics, and collectively have a sense of unity.

Prototypical Members

Individuals within a group who embody the most representative or characteristic qualities of that group.