Which of the Following Best Explains the Growth in Output

question 60

Multiple Choice

Which of the following best explains the growth in output per worker hour during the 20th century?

• A) the quality of labor declined during that period
• B) the quantity of labor increased during that period
• C) the quality of capital improved during that period
• D) the worker-capital ratio increased during that period

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Definitions:

Discharged By Agreement

The termination of a contractual obligation or debt by mutual consent of the parties involved prior to the completion of the term specified.

Exemption Clause

A contractual term that seeks to limit or exclude one party's liability for certain breaches or scenarios.

Fundamental Breach

A severe violation of a contract that allows the aggrieved party to terminate the agreement and possibly seek damages.

Strict Interpretation

The judicial practice of applying a narrow, literal, and precise reading of legal texts or statutes.