The productivity and real wages of workers in industrially advanced economies have risen historically partly because
A)workers have acquired less education and training over time.
B)workers have been able to use larger quantities of capital equipment.
C)over time, the capital equipment used by workers has deteriorated in quality.
D)the supply of labor has increased.

Question

Quizplus · Accepted Answer

Workers in industrially advanced economies have experienced increases in productivity and real wages partly due to their ability to use larger quantities of capital equipment. This access to more or better tools, machinery, and technology enhances their efficiency and the value of their work, leading to higher wages.

The Productivity and Real Wages of Workers in Industrially Advanced