ECONOMICS (CBSE/UGC NET)

ECONOMICS

PRODUCTIVITY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following is LEAST likely to increase productivity?
A
increased manufactured protection
B
investment in physical capital
C
investment in human capital
D
innovative production methods
Explanation: 

Detailed explanation-1: -Answer and Explanation: d. An increase in the size of the labor force is not expected to increase labor productivity.

Detailed explanation-2: -Labor productivity is largely driven by investment in capital, technological progress, and human capital development. Business and government can increase labor productivity of workers by direct investing in or creating incentives for increases in technology and human or physical capital.

Detailed explanation-3: -Productivity increases when more output is produced with the same amount of inputs or when the same amount of output is produced with less inputs. There are two widely used productivity concepts. Labour productivity is defined as output per worker or per hour worked.

Detailed explanation-4: -Which of the following is most likely to increase productivity in a plant working at or near capacity? The use of more and better machinery.

There is 1 question to complete.