Which of the following statements about productivity is (are) true?
A) Increased productivity results in larger market share for the company and greater profits.
B) Increased productivity in the United States reduces inflation.
C) Increased productivity allows a company to pay better wages and invest in newer technology.
D) All of the above are true.

Question

Quizplus · Accepted Answer

All of the statements are true. Increased productivity leads to larger market share and greater profits for businesses, which can then be invested in newer technology and higher wages. Additionally, higher productivity can reduce inflation by increasing the supply of goods and services in the economy, leading to a more efficient use of resources.

Which of the Following Statements About Productivity Is (Are) True