Business
Business, 10.03.2020 06:11, PastelHibiscus

Consider a small island country whose only industry is weaving. The following table shows information about the small economy in two different years.
Complete the table by calculating physical capital per worker as well as labor productivity.

Year Physical Capital Labor Force Physical Capital per Worker Labor Hours Output Labor Productivity
(Looms) (Workers) (Looms) (Hours) (Garments) (Garments per hour of labor)
2027 300 100 5,000 45,000
2028 480 120 4,200 50,400

Based on your calculations, in physical capital per worker from 2027 to 2028 is associated with in labor productivity from 2027 to 2028.
Suppose you're in charge of establishing economic policy for this small island country.

Which of the following policies would lead to greater productivity in the weaving industry? Check all that apply.
a. Imposing restrictions on foreign ownership of domestic capital
b. Offering free public education to every worker in the country
c. Encouraging saving by allowing workers to set aside a portion of their earnings in tax-free retirement accounts
d. Imposing a tax on looms

answer
Answers: 1

Other questions on the subject: Business

image
Business, 21.06.2019 12:30, alexisfaithsmith
Carolyn has a 50 percent interest in a general partnership that has a $14,000 loss for the year. she materially participates in the partnership. her basis in the partnership is $10,000. she also has salary from other employment of $46,000. if she is single, has no dependents, and claims the standard deduction, what is her taxable income and her tax liability in 2017
Answers: 3
image
Business, 22.06.2019 21:30, lee1677
Which of the following results in an increase in the standard of living? a. an increase in unemployment pushes down the cost of production. b. wages go up to correct for the inflation of prices. c. income increases, enabling consumers to buy more goods and services. d. rising production costs drive up the price of goods and services.
Answers: 1
image
Business, 23.06.2019 00:30, danny123421
It's possible for a debt card transaction to bounce true or false
Answers: 1
image
Business, 23.06.2019 05:10, ana2896
Databases, though on the internet, only
Answers: 1
Do you know the correct answer?
Consider a small island country whose only industry is weaving. The following table shows informatio...

Questions in other subjects:

Konu
Mathematics, 17.10.2021 08:20
Konu
Mathematics, 17.10.2021 08:20
Konu
History, 17.10.2021 08:20