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
Hint: Recall that productivity is defined as the amount of goods and services a worker can produce per hour.
In this problem, measure productivity as the quantity of goods per hour of labor
Year Physical l Labor Force Physical Capital Labor Output Labor
Capital (Workers) per Worker Hours (Garments) Productivity
(Looms) (Looms) (Garments per
hour of labor)
2026 120 60 3300 23100
2027 400 100 3500 49000
Based on your calculationsin physical capital per worker from 2026 to 2027 is associated with in labor productivity from 2026 to 2027
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?
a. Offering free public education to every worker in the country
b. Subsidizing research and development into new weaving technologies
c. Sharply increasing the interest rate on student loans to people pursuing advanced degrees in weaving
d. Encouraging saving by allowing workers to set aside a portion of their earnings in tax-free retirement accounts

How does having a flexible mind you become a better employee? a. it you become more honest toward work. b. it you become a team player. c. it you learn new things that will better your performance. d. it you to finish your work on time. e. it you reach work on time

Fred smithers, a recent college graduate decided to open his own portable juice bar, smithers smoothies, to wheel around newport beach. you, a trusted friend of fred, are a business major that has also recently graduated and agreed to handle the books for a while to get some practical experience and have a favor that you can ask of fred in the future. given the following five transactions concerning the new venture, prepare the necessary journal entries for the transactions, post the journal entries to appropriate t accounts and prepare a trial balance as of the end of the month in order to answer to the necessary may 2: fred invests $12,000 of his own money to start the new company. this money was obtained from a part-time job working at a legal firm while he was in school. may 3: fred spent $5,100 cash to purchase a refrigerated trailer that he can pull behind his car and set up at the beach. under your advice, fred agrees to place the new asset under an account called "equipment." may 6: fred bought $640 of supplies on account from the flav-o-rite confectioners company. because they will last longer than a single accounting period fred agrees to record them as, "supplies" as per your suggestion. may 13: fred sat on the beach for six hours without a single sale and was feeling very down. right before he left, however, a plumber escorting his family reunion along the beach stopped by his stand and bought $800 worth of smoothies for the entire family. under your advice, fred agrees to call this cash revenue, "sales." may 15: excited about his new venture, fred withdraws $350 from the company to take his girlfriend out to dinner. what would be the balance in the cash account at the end of the period following the posting of all the transactions?

Over the past decade, brands that were once available only to the wealthy have created more affordable product extensions, giving a far broader range of consumers a taste of the good life. jaguar, for instance, launched its x-type sedan, which starts at $30,000 and is meant for the "almost rich" consumer who aspires to live in luxury. by marketing to people who desire a luxurious lifestyle, jaguar is using: