True/False
Rising labor productivity means that less labor is needed to produce the same level of output.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q109: Average growth rates of per capita income
Q110: Most innovations and inventions have come from
Q111: The psychological rewards of inventing a new
Q112: When a patent is awarded, no one
Q113: Average real wages have not risen significantly
Q115: Which of the following makes invention and
Q116: The substitution effect of a decrease in
Q117: According to the process of creative destruction,
Q118: Given a fixed amount of time, a
Q119: When workers purchase more leisure and work