The Factor Responsible for the Largest Portion of Productivity Increase

question 94

Multiple Choice

The factor responsible for the largest portion of productivity increase in the United States is:

• A) labor.
• B) management.
• C) capital.
• D) All three combined; it is impossible to determine the contribution of individual factors.
• E) none of these.

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Definitions:

Fiscal Policy

Governmental policies regarding taxation and spending to influence the economy.

Negative Excess Reserves

A situation where a bank has less reserves than the minimum required reserve, indicating a potential liquidity problem.

Required Reserves

The minimum amount of funds that a bank must hold in reserve against deposits, as mandated by central banking authorities, to ensure bank liquidity.

Actual Reserves

The physical amount of a commodity or cash held as reserves in a financial institution or by an organization.