When the Capital Stock Per Hour Worked

question 91

Multiple Choice

When the capital stock per hour worked:

• A)increases, labour productivity in increases.
• B)increases, labour productivity falls, as workers are being replaced with capital and machinery.
• C)decreases, labour productivity increases.
• D)increases, capital productivity increases.

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Definitions:

Personal Line

A type of credit product that allows individuals to borrow up to a pre-approved limit on an as-needed basis.

Prime Rate

The interest rate that commercial banks charge their most creditworthy customers, often used as a reference for other rates.

Loan Repayment

The process of paying back borrowed money, typically in installments over a set term.

T-Bill

Short-term government debt security with a maturity of less than one year.