Asked by Bryanna Garcia on Jun 10, 2024
Verified
Labor productivity tends to fall as the capital to labor ratio rises.
Labor Productivity
A measure of economic performance calculated by dividing the total output by the number of labor hours used in the production process.
Capital To Labor Ratio
A measurement of the amount of capital employed per unit of labor, often used to understand the level of mechanization or technology used in production.
- Comprehend the position and relevance of productivity in affecting a nation's quality of life.
Verified Answer
PM
Phisal ManiphanJun 12, 2024
Final Answer :
False
Explanation :
Labor productivity tends to increase as capital per worker increases, leading to a higher capital to labor ratio.
Learning Objectives
- Comprehend the position and relevance of productivity in affecting a nation's quality of life.