Which of the following statements is true of productivity?
A) Increased productivity results in smaller market share for the company and lesser profits.
B) Increased productivity in the United States increases inflation.
C) Increased productivity allows a company to pay better wages and invest in newer technology.
D) Increased productivity does not necessarily improve standard of living

Question

Quizplus · Accepted Answer

Increased productivity allows a company to generate more output from the same or fewer resources, which can lead to higher profits. These profits can then be used to pay better wages to employees and to invest in new technology, which can further increase productivity and competitiveness.

Which of the Following Statements Is True of Productivity