Asked by
Mikaela Adams
on Nov 12, 2024Verified
Labor productivity depends on:
A) the quality of labor.
B) the volume of imports.
C) the size of an economy.
D) the volume of exports.
E) the proportion of the labor force that is unionized.
Labor Productivity
A measure of economic output per unit of labor input, often assessed as output per hour worked.
Quality of Labor
Refers to the skill levels, education, training, and productivity of workers within an economy.
Imports Volume
The total quantity of goods and services brought into a country from abroad over a specific time period.
- Comprehend the elements affecting workforce efficiency.
Verified Answer
MA
Learning Objectives
- Comprehend the elements affecting workforce efficiency.