The implementation of new production methods by managers, such as the "just-in-time" inventory system, increases:

A. the unemployment rate.
B. the share of the population employed.
C. average labor productivity.
D. the quantity of human capital.


Answer: C

Economics

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One reason that supports nations having separate currency suggests that there are welfare gains from

A) currency competition. B) seignorage. C) capital mobility. D) debt reduction.

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The aggregate expenditure line is upward sloping since as GDP increases,

A) consumption increases B) investment increases C) government purchases increase D) net exports increase

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According to the Rule of 70, if per capita GDP is growing at a rate of 5 percent per year, then it will take __________ years for per capita income to double

a. 14 b. 28 c. 70 d. 140

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