If labor productivity rises, then wages: (a) Will decrease and the number of jobs will decrease....

Question:

If labor productivity rises, then wages:

(a) Will decrease and the number of jobs will decrease.

(b) Will decrease, but the number of jobs will not change.

(c) Can increase without a decrease in the number of jobs.

(d) Can increase, but only if the number of jobs decreases.

(e) Will remain the same.

Labor Productivity:

Economists often measure labor productivity. Labor productivity is a measure of the amount of units of a good or service that employees can product in a certain amount of time. For example, how many widgets can 10 works produce in 1 hour?

Answer and Explanation: 1

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Answer choice: (c) Can increase without a decrease in the number of jobs.

Explanation:

If labor productivity rises then this means that workers...

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Labor Productivity: Definition & Equation

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Chapter 17 / Lesson 16
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Learn about labor productivity. Understand how to calculate labor productivity, examine the labor productivity formulas, and see how to improve labor productivity.


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