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:

Feedback

The process of giving and receiving information about performances or behaviors, aimed at improving future outcomes.

Norm

A standard or pattern of behavior that is considered typical or expected within a specific group or society.

Equilibrium

A state of balance or stability within a system, where opposing forces or influences are equal and cancel each other out.

Innovation

The introduction or application of new ideas, methods, or products intended to improve efficiency, effectiveness, or competitive advantage.