Business, 06.05.2020 04:18, putaprincess16

During the recent 2007-08 recession, total factor productivity (TFP) dropped temporarily while labor productivity kept on increasing. Which one of the below statements is a plausible explanation?

a. TFP dropped because of less intensive use of factors of production.
b. Labor productivitiy increased because the capital-labor ratio increased.
c. TFP dropped and labor productivity increased because firms laid off the least productive workers.
d. TFP dropped because energy prices dropped. Labor productivity increased because of advances in information and communications technology (ICT).
e. TFP dropped because of technological regress. Labor productivity increased because of better education.

Answers: 2

Show answers

Other questions on the subject: Business

Business, 21.06.2019 13:30, carissaprocacci

In the second column, determine if penguin patties are a complement to or a substitute for each of the goods listed. finally, complete the final column by indicating which good you should recommend marketing with penguin patties.

Answers: 3

continue

Business, 22.06.2019 03:30, Emptypockets451

Joe said “your speech was really great, i loved it.” his criticism lacks which component of effective feedback? a) he did not recognize his ethical obligations b) he did not focus on behavior c) he did not stress the positive d) he did not offer any specifics

Answers: 2

continue

Business, 22.06.2019 14:00, breana758

Bayside coatings company purchased waterproofing equipment on january 2, 20y4, for $190,000. the equipment was expected to have a useful life of four years and a residual value of $9,000. instructions: determine the amount of depreciation expense for the years ended december 31, 20y4, 20y5, 20y6, and 20y7, by (a) the straight-line method and (b) the double-declining-balance method. also determine the total depreciation expense for the four years by each method. depreciation expense year straight-line method double-declining-balance method 20y4 $ $ 20y5 20y6 20y7 total $

Answers: 3

continue

Business, 23.06.2019 01:00, shelovejaylocs

Why does the downward-sloping production possibilities curve imply that factors of production are scarce?

Answers: 1

continue

Do you know the correct answer?

During the recent 2007-08 recession, total factor productivity (TFP) dropped temporarily while labor...