Labor productivity depends on:
A)the effectiveness of government.
B)the amount of capital available in an economy.
C)the proportion of the labor force that is unionized.
D)the size of an economy.
E)the size of the labor force in an economy.

Question

Quizplus · Accepted Answer

Labor productivity depends on the amount of capital available in an economy, as capital can enhance and complement the productivity of labor. A well-equipped workforce can utilize machinery and other technologically advanced resources to deliver goods and services more efficiently. The other options, such as the effectiveness of government, unionization, and size of the economy or labor force, may indirectly affect productivity but are not direct determinants.

Labor Productivity Depends On