If the employer is only permitted to hire members of the labor union, the workplace is called a(n)

_____ is the ratio of an economy's output to its stock of labor and capital

a. Productive capacity b. Multifactor productivity c. Marginal product of labor d. Workforce productivity e. Total factor productivity

A . What is the theory of creative destruction? b. According to this theory, do we need to worry about the fact that our local power utility has a monopoly in the provision of electricity?