If Workers Become More Productive,which of the Following Would Happen

question 7

Multiple Choice

If workers become more productive,which of the following would happen in the labor market?

• A) Labor supply would increase.
• B) Labor supply would decrease.
• C) Labor demand would increase and labor supply would decrease.
• D) Labor demand would decrease and so would labor supply.
• E) Labor demand would increase.

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Definitions:

Value Analysis

A review of successful products that takes place during the production process.

Product Success

The achievement of specific goals set for a product, often measured through metrics such as sales, profitability, market share, and customer satisfaction.

Production Process

A production process is the sequence of operations or stages that convert raw materials or components into finished goods or services.

CAD

Computer-Aided Design, a technology used for creating precision drawings or technical illustrations in engineering and design.