What factors raise the productivity of labor?

What will be an ideal response?

The productivity of labor is affected by the amount physical capital, the amount of human capital, and the level of technology. An increase in either physical capital or human capital means that more goods and services can be produced with a given amount of labor, so that the productivity of labor increases. Similarly a technological improvement also increases the productivity of labor.

Economics

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The government's profit from issuing fiat money is known as

A) seigniorage. B) menu costs. C) commodity profit. D) tax distortions.

Economics

A supply curve reveals:

A) the quantity of output consumers are willing to purchase at each possible market price. B) the difference between quantity demanded and quantity supplied at each price. C) the maximum level of output an industry can produce, regardless of price. D) the quantity of output that producers are willing to produce and sell at each possible market price.

Economics