37. Which of the following will significantly increase labor productivity? a) access to better tools b) an increase in the minimum wage c) willingness to work hard and long hours d) unionization of your workplace e) better educated and better trained co-workers f) increase in employee salaries, wages and benefits g) better access to the commercial and social infrastructure of the economy h) a boss who knows what she is doing

Answered: 7. Which of the following will…

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter11: Labor Markets

Section: Chapter Questions

Problem 18SQ

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37. Which of the following will significantly increase labor productivity?

		a) access to better tools
		b) an increase in the minimum wage
		c) willingness to work hard and long hours
		d) unionization of your workplace
		e) better educated and better trained co-workers
		f) increase in employee salaries, wages and benefits
		g) better access to the commercial and social infrastructure of the economy
		h) a boss who knows what she is doing

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Labor productivity represents the total amount of production (measured in terms of Gross Domestic Product, GDP) produced per unit of work (measured in terms of the number of persons employed) during the period of time.

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