Which of the Following Will Result in an Increase in Labor

question 161

Multiple Choice

Which of the following will result in an increase in labor productivity?

• A)a decrease in the number of people attending institutions of higher education
• B)a decline in the amount of human capital per worker
• C)an increase in technology
• D)a decline in the capital stock per hour worked

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Definitions:

Production Economies

Advantages that result from efficiency improvements in the production process, often achieved through increased scale, technology advancements, or optimized resource allocation.

Demand Aggregation

A strategy that combines product or service demands from different sources to get better prices or terms from suppliers.

Offshoring

The practice of relocating business processes or production to another country to reduce costs or take advantage of favorable conditions.

Production Facility

A place equipped with the necessary equipment and machinery for the manufacture of products.