Increases in the productivity of labor result partly from
A)the law of diminishing returns.
B)improvements in technology.
C)reductions in wage rates.
D)increases in the quantity of labor.

Question

Quizplus · Accepted Answer

Improvements in technology often lead to increases in the productivity of labor by enabling workers to produce more output in the same amount of time or with the same effort.

Increases in the Productivity of Labor Result Partly from