Question
Asked Nov 7, 2019
2 views

All of the following lead to an increase in productivity except for

  
a. an increase in physical capital
b. an increase in the size of the labor force
c. an advance in technological knowledge
d. an increase in human capital 
 
check_circle

Expert Answer

Step 1

Productivity is a measure of the efficiency of production. Higher productivity leads to increased profit and therefore increased incomes. Whereas, low productivity leads to losses in business.

Step 2

The factors help to increase the productivity are listed below.

 

  1. an increase in physical capital
  2. an a...

Want to see the full answer?

See Solution

Check out a sample Q&A here.

Want to see this answer and more?

Solutions are written by subject experts who are available 24/7. Questions are typically answered within 1 hour.*

See Solution
*Response times may vary by subject and question.
Tagged in

Business

Economics

Related Economics Q&A

Find answers to questions asked by student like you
Show more Q&A
add
question_answer

Q: Question 22 Consider the firm whose MC, AC, AVC, AFC functions are shown in the following graph. (Th...

A: Click to see the answer

question_answer

Q: What is considered "too much" debt or "too large" a deficit?  Are you able to provide any guidelines...

A: Click to see the answer

question_answer

Q: If the supply of tennis balls, a complement to tennis racquets, decreases, what will happen to the e...

A: If the supply of tennis balls decreases, the equilibrium price of tennis balls increases and the qua...

question_answer

Q: Hi, I do not understand why B is the correct answer for number 3. How do I know that this monoply is...

A: The monopoly is an imperfect market condition where there will be only a single seller present for t...

question_answer

Q: (7 Points) Consider the following market for flash drives. Price   Quantity supplied  Quantity dema...

A: Click to see the answer

question_answer

Q: 57 In 1970, Professor Plum earned $12,000; in 1980, he earned $24,000; and in 1990, he earned $36,00...

A: Option (a) is the correct option that is real income earned by professor plum is highest in the year...

question_answer

Q: Suppose an economy has two years worth of data, years 1 and 2. Sup- pose there are also two goods, b...

A: Nominal GDP is calculated as the sum of the product of the price and the quantity of different goods...

question_answer

Q: Discuss the four types of unemployment. Rank these from the least serious to the most serious and ex...

A: The most serious type of unemployment includes structural unemployment, frictional unemployment, cyc...

question_answer

Q: Problem 2: Consider a closed three sector economy. Given the following equations: (1) (2) (3) (4) |(...

A: a) Equilibrium level in an economy is the point where income in economy is equal to expenditure.From...