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…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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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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