For a given technology and a given labor force, labor productivity will be ____ when the capital stock is ____.
A)higher; larger
B)lower; larger
C)lower; unchanged
D)higher; smaller

Question

Quizplus · Accepted Answer

A larger capital stock will typically lead to higher labor productivity due to increased efficiency and technological advancements that come with greater investment in capital.

For a Given Technology and a Given Labor Force, Labor