b. the supply of labor will decrease. A.education B.technology C.new capital D.growth in output Answer Key: D Question 20 of 56 1.0 Points Which of the following is most important in increasing the rate of economic growth? A. QUESTION 19 Which of the following are possible methods that unions use in order to increase union salaries? Which of the following shifts the production possibilities frontier outward? Productivity In this setting, the benefit of the increase in productivity Δ is split between workers and landowners. Hire labor only if capital is unavailable. New technology that increases productivity allows labor to produce more output per unit of time which means more output can be produced overall if all labor is being used. Management training. It estimates that the marginal cost function for reducing pollution by installing additional capital equipment is MC 40P where P represents a reduction of one unit of pollution in the mines. Which one of the following actions is LEAST likely to increase labor productivity by an amount that is large enough to result in lower labor costs per pair produced at a particular plant? If the production is increased to 2000 per shift, labor productivity will increase by; 10%. labor productivity. A) an increase in the aggregate hours of work B) decreases in the availability of computers and factory buildings C) inventions of new machinery, equipment, or software D) a decline in the health of the population Answer: C 12) The total amount of physical capital available in a country is know as the country's A) labor productivity. A decrease in the price level. Gibson Valves produces cast bronze valves on an assembly line, currently producing 1600 valves per shift. An increase in the amount of capital per worker will _____ A) increase labor productivity but not capital productivity. The easiest way to comprehend labor productivity is to imagine a Canadian worker who can make 10 loaves of bread in an hour versus a rev: 05_30_2018 Multiple Choice labor productivity average price level technological progress - 17244189 20%. An increase in labor productivity. Additional capital makes its best contribution to economic growth by Replacing labor. As a result, Get an answer for 'List the factors that can increase labor productivity and give an example for each one using the production of computer games as an … an increase in population. 0 0 Still have questions? 【单选题】Suppose the money wage rate and the price level both fall by 5 percent. Appalachian Coal Mining believes that it can increase labor productivity and, there-fore, net revenue by reducing air pollution in its mines. Which of the following will not increase a nation’s real GDP? B. 【单选题】In the labor market, an increase in labor productivity _____ the real wage rate and _____ the level of employment. Such everyday examples can help to illustrate Japan’s relatively low productivity levels compared to countries at similar levels of economic development. 0 35. Increase the demand for the An increase in the number of participants in the labor force. Which of the following will most likely occur as a result of an increase in labor productivity in an economy? C) increase both labor and capital productivity. The acquisition of more education and training by the labor force. Decrease the numbers of workers in the field. If labor productivity increases, a. the supply of labor will increase. Which of the following events would lead to an increase in the marginal product of labor for every quantity of labor? 50%. A)An increase in the real wage B)A decrease in the real wage C)A favorable supply shock such as a fall in the price of oil D)An adverse supply shock,such as … 25 Eqs (10)-(13) clarify that the incidence of the shock depends on which of the two factors—labor or land—is supplied more elastically at the local level. Labor productivity is the value that each employed person creates per unit of his or her input. Labor Productivity and Economic Growth Sustained long-term economic growth comes from increases in worker productivity, which essentially means how well we do things. D) shift the A decrease in the productivity of capital, but not labor. A) a decline in the capital stock per hour worked B) an increase in technology C) a decrease in the number of people attending institutions of higher education D) a decline in the amount of human capital per worker Correct Answer(s): B Points Earned: 2.0/2. 40%. An increase in which of the following would cause an increase in aggregate supply? government spending. 39. Labor productivity is the measure of an economy's hourly output of goods and services. capital investment. Increases in labor productivity from improved technology a) increase the long run supply of labor b) reduce the demand for labor c) reduce real wages d) induce firms to substitute capital for labor e) have no long run effect on B) increase capital productivity but not labor productivity. 2. Which of the following will not increase labor's productivity? Answer the stock of real capital and inputs of labor increase proportionately the increase in the stock of real capital exceeds the increase in inputs of labor the increase in inputs of labor exceeds the increase in the stock of real capital inputs of labor increase … Technological advance. A. Which of the following will not result in a rightward shift of the market supply curve for labor? An increase in the productivity of labor but not capital. 25%. Labor Productivity Definition Labor productivity is a concept used to measure the efficiency of the worker and is calculated as the value of output produced by a worker per unit of time, such as an hour. The following are illustrative examples of labor productivity An increase in the quality of capital. 10. Labor productivity is the value that each employed person creates per unit of his or her input. Labor productivity is usually measured as value of output per hour of labor input so the answer would be C However for the factor productivity of labor, productivity of labor is calculated assuming the value of the output is due to the combined cost of labor and capital inputs. A. a decrease in non-wage income B. an increase in the working-age population C. an increase in labor productivity D. an increase in 7. a new oil discovery. Which of the following will result in an increase in labor productivity? 34. Labor productivity is the value of goods produced in an hour of work. Get your answers by asking now. For every hour of work Joe puts in, he can produce 100% more output due to an increase in the physical B. The easiest way to comprehend labor productivity is to imagine a Canadian worker who can make 10 loaves of bread in an hour versus a Labor productivity is a term for the output of labor per hour. The increase in the physical capital available to Joe, that is, a second tool, allowed this increase in Joe's labor productivity. Human capital investment. Moretti Enrico, in Handbook of Labor Economics, 20113.1.3 Incidence: who benefits from the productivity increase? Other things equal, in which of the following instances would the increase in labor productivity be the greatest? Ask Question + 100 Join Yahoo Answers and get 100 points today. (A) Labor productivity (B) The wage rate (C) Prices of imports (D) Consumer spending (E) Interest rates 7. … 11) Which of the following increases labor productivity? It can be calculated for a nation, industry, firm, team or individual using the productivity formula. C. An increase in the money supply. An increase in the productivity of labor and capital. C. An increase in the size of the labor force D. The Sometimes, an organisation may feel that it needs to increase labor productivity and there are a number of things that can be done, such as the following: Match the Right People to Jobs: An effective manager and/or leader is one that know each workers skills and abilities. For example, suppose the real GDP of an economy is $10 trillion and the aggregate hours of labor in the country is 300 billion. E. will reduce productivity, D. might reduce it too, but definitely will not increase it. Which of the following would not be expected to increase labor productivity! 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