Asked by
Botan Bravo
on Dec 16, 2024Verified
Which of the following would increase labor productivity?
A) A labor deepening production method
B) A decrease in the amount of capital per unit of labor
C) A lower unemployment rate
D) Recruitment of new and young labor force
E) An increase in the education level of per unit of labor
Labor Productivity
A measure of economic performance that compares the amount of goods and services produced with the number of hours worked to produce them.
Labor Deepening
An increase in the investment made in the education and training of the workforce, leading to a more skilled labor force.
Education Level
A measurement of the highest degree of schooling or training a person has completed.
- Ascertain the variables influencing the efficiency of labor.
- Distinguish between increases in physical and human capital.
Verified Answer
IA
Learning Objectives
- Ascertain the variables influencing the efficiency of labor.
- Distinguish between increases in physical and human capital.