Business, 20.03.2020 09:14, ssuereichard
Consider a simple economy whose only industry is weaving. In this industry, productivity- the amount of goods and services a worker can produce per hour- is measured by the number of garments one weaver makes per hour.
In the following table, match each example to the productivity determinant it represents.
Examples Human Capital per Worker Natural Resources per Worker Physical Capital per Worker Technological Knowledge
The grasslands supporting the sheep whose wool is used for weaving
A special technique that workers can use to create stronger textitles
The accumulated weaving experience of the workforce
The icoms used to weave the textiles
Answers: 3
Business, 22.06.2019 12:50, iamhayls
In june 2009, at the trough of the great recession, the bureau of labor statistics announced that of all adult americans, 140,196,000 were employed, 14,729,000 were unemployed and 80,729,000 were not in the labor force. use this information to calculate: a. the adult population b. the labor force c. the labor-force participation rate d. the unemployment rate
Answers: 3
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Both a demand curve and a demand schedule show how a. prices affect consumer demand. b. consumer demand affects income. c. prices affect complementary goods. d. consumer demand affects substitute goods.
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Business, 23.06.2019 09:50, ant5784tgi
The goal of an economist who formulates new theories is to a. provide an interesting framework of analysis, whether or not the framework turns out to be of much use in understanding how the world works. b. provoke stimulating debate in scientific journals. c. contribute to an understanding of how the world works. d. demonstrate that economists, like other scientists, can formulate testable theories.
Answers: 1
Consider a simple economy whose only industry is weaving. In this industry, productivity- the amount...
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