Contemporary Labor Economics 9th Edition by Campbell Mcconnell, Stanley Brue, David Macpherson, Robert Powell, David Colander

Exercise 6

Comment on each of the following statements:
a. "Although most highly productive companies are profitable, not all profitable companies are highly productive."
b. "Increased public demand for such amenities as clean air and safer workplaces has complicated the comparison of productivity rates over time."
c. "Rising productivity means that it takes fewer workers to produce a given level of output. Productivity increases are, therefore, a source of unemployment."