Sources of Productivity Growth Include All of the Following Except

question 101

Multiple Choice

Sources of productivity growth include all of the following except:

• A) An increase in the ratio of capital to labor.
• B) An increase in the price level.
• C) Better use of available resources in the production process.
• D) An increase in labor skills.

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Definitions:

Labour

The human effort, physical or mental, used in the production of goods and services.

Jobs

Positions of employment where individuals perform specific tasks in exchange for compensation.

Enlarged Job

A concept referring to the expansion or increase in the scope and responsibilities of a particular job role.

Job Enriched

A job design technique that aims to increase employee satisfaction by giving them more responsibilities and opportunities to make decisions.