Asked by
mohamed Meeraj
on Dec 12, 2024Verified
Economic theory suggests that the standard of living of American workers would rise if
A) the minimum wage were doubled.
B) automation were outlawed.
C) workers were forced to retire earlier.
D) technological improvements increased output per worker-hour.
Technological Improvements
Innovations and advancements that enhance productivity, efficiency, and product quality in various industries.
Standard Of Living
The level of wealth, comfort, material goods, and necessities available to a person, group, or country.
Worker-Hour
A unit of measure representing the amount of work accomplished by one worker in one hour.
- Recognize the influence of staff productivity on salary levels.
- Identify the primary sources of rapid growth in workers' real earnings.
Verified Answer
MK
Learning Objectives
- Recognize the influence of staff productivity on salary levels.
- Identify the primary sources of rapid growth in workers' real earnings.