When the Economy Is in a Slump, Labor Productivity Tends

question 11

Multiple Choice

When the economy is in a slump, labor productivity tends to fall because firms have

• A) excess capital.
• B) excess labor.
• C) too little capital.
• D) too little labor.

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Definitions:

Multilateral Aid Agencies

Collectively owned aid agencies.

Government Aid Agencies

Public entities that provide resources and assistance to countries or regions in need.

Nonprofit Organizations

Organizations that operate for the public or social benefit, without the primary goal of making profits for shareholders or owners.

Charitable Goals

Objectives set by individuals or organizations aimed at providing aid or support for philanthropic or humanitarian purposes.