Answer :
For a given level of technology, we should expect an increase in labor productivity within a nation where there is an increase in natural resources per worker.
What is labor productivity?
Labor productivity is a measure of the economic value of output created by an individual or economy in terms of output per unit of input. Inputs include resources such as labor and capital, while outputs include the goods and services produced by the individual or economy.
Labor productivity rises when there is an increase in technological advancements or improvements. Thus, labor productivity is affected by a number of factors, including access to technology, education and training, and worker experience.
Therefore, for a given level of technology, we should expect an increase in labor productivity within a nation where there is an increase in natural resources per worker.
Other factors that increase labor productivity include an increase in human capital per worker and an increase in physical capital per worker.The correct answer is C. natural resources per worker.
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Final answer:
An increase in labor productivity can be expected with an increase in physical capital per worker, human capital per worker, and natural resources per worker. However, an increase in labor does not necessarily lead to an increase in labor productivity.
Explanation:
For a given level of technology, we can expect an increase in labor productivity within a nation where there is an increase in human capital per worker, physical capital per worker, and natural resources per worker. Human capital refers to the skill level and knowledge base of the workforce. Physical capital refers to machinery and equipment that workers use. Natural resources refer to land, minerals, and other raw materials that are used in the production process.
However, we should not expect an increase in labor productivity with an increase in labor. 'Labor', in this context, refers to the number of labor hours. This is because increasing the amount of labor might lead to diminishing marginal returns, meaning that adding more labor might make each worker less productive if other factors of production (such as capital or natural resources) do not increase correspondingly.
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