Suppose we measure labor productivity by the amount of output (horizontal axis) per unit pf physical capital per worker (vertical axis) when everything else is constant. A more effective training program is provided to all workers. With all else equal, what change can we expect on the labor productivity plot? a. An upward movement along the labor productivity curve. b. A downward movement along the labor productivity curve. c. An upward shift of the labor productivity curve. d. A downward shift of the labor productivity curve. e. The labor productivity curve will remain unchanged.
Suppose we measure labor productivity by the amount of output (horizontal axis) per unit pf physical capital per worker (vertical axis) when everything else is constant. A more effective training program is provided to all workers. With all else equal, what change can we expect on the labor productivity plot? a. An upward movement along the labor productivity curve. b. A downward movement along the labor productivity curve. c. An upward shift of the labor productivity curve. d. A downward shift of the labor productivity curve. e. The labor productivity curve will remain unchanged.
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter17: Economic Growth: Resources, Technology, Ideas And Institutions
Section: Chapter Questions
Problem 6WNG
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Suppose we measure labor productivity by the amount of output (horizontal axis) per unit pf physical capital per worker (vertical axis) when everything else is constant. A more effective training program is provided to all workers. With all else equal, what change can we expect on the labor productivity plot?
a. An upward movement along the labor productivity curve.
b. A downward movement along the labor productivity curve.
c. An upward shift of the labor productivity curve.
d. A downward shift of the labor productivity curve.
e. The labor productivity curve will remain unchanged.
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