Analyse one way in which it is possible for a business to reduce its level of production but increase its labour productivity.

Which situation best illustrates a business increasing its productivity?

A company with a low level of productivity has a problem with:A.paying too much to secure investments.B.efficiently making the goods it sells.C.selecting which economic trade-offs to make.D.designing its production possibilities curve.

We can safely say that total output can increase if there is a(n)Group of answer choicesincrease in the size of the labor force and a decrease in the productivity of workers.decrease in the size of capital and an increase in the productivity of machines.increase in the number of machines per worker.decrease in the number of workers per machine.

A decrease in which of the following will most likely decrease productivity?Elimination ToolSelect one answerATaxes.BGovernment spending.CConsumption.DCapital stock.EUnemployment.

Specialization can help a country's economy by:A.reducing the level of division in its labor force.B.increasing its level of self-sufficiency.C.reducing its overall opportunity costs.D.increasing the cost of its voluntary exchanges.