According to Edward Denison, the major source of labor productivity is
a. improvements in labor quality.
b. economies of scale.
c. the changing composition of the labor force.
d. technological progress.
e. education per worker.
D
Economics
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If oligopolistic firms successfully cooperate with each other, _____
a. they may act like a monopoly and increase their prices b. they may act like a monopoly and increase their output c. they may act like perfectly competitive firms and earn normal profits d. they may act like a monopolistic firm and earn economic profits
Economics
When a seller expects the price of its product to decrease in the future, the seller's supply curve shifts left now
a. True b. False Indicate whether the statement is true or false
Economics