Which of the following does not explain differences in total factor productivity?
A)institutions
B)the labor stock
C)human capital
D)natural resources
E)technology

Name: Which of the following does not explain differences in total factor productivity? A)institutions B)the labor stock C)human capital D)natural resources E)technology
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Question

Quizplus · Accepted Answer

The labor stock refers to the quantity of labor available, not the efficiency or productivity with which inputs are used, which is what total factor productivity measures.

Which of the Following Does Not Explain Differences in Total