Which of the following will likely cause a reduction in output per worker?
A)a reduction in education expenditures
B)a reduction in the saving rate
C)a reduction in on-the-job training
D)all of the above

Question

Quizplus · Accepted Answer

Each of the choices – a reduction in education expenditures, a reduction in the saving rate, and a reduction in on-the-job training – can cause a reduction in output per worker. Education expenditures can provide workers with valuable skills, training can help workers become more productive, and a higher saving rate can permit investment in physical and human capital that can increase productivity.

Which of the Following Will Likely Cause a Reduction in Output