Which of the following is NOT a factor that makes labor more productive?

Disable ads (and more) with a membership for a one time $4.99 payment

Prepare for UCF's ECO2013 Principles of Macroeconomics Exam 3. Study smart with flashcards, multiple choice questions, and detailed explanations. Get exam-ready today!

High unemployment rates do not contribute to making labor more productive. Productivity in the labor market is generally enhanced through the presence of physical capital, human capital, and technology.

Physical capital refers to the tools, machinery, and facilities that workers use, which can increase their output per hour worked. Human capital signifies the skills, knowledge, and experience that workers possess, enabling them to perform tasks more efficiently and effectively. Technology further amplifies productivity by providing advanced methods or machines that allow for higher output with the same or even reduced input.

In contrast, high unemployment rates can have the opposite effect. When unemployment is high, it often indicates an underutilization of available labor resources, leading to inefficiencies in the economy. Workers may lack opportunities to develop their skills, and the overall level of economic activity may decrease, negatively impacting labor productivity. Thus, high unemployment rates are not a factor that enhances productivity in the labor force.