Consider the interaction between labor and capital within the production process and answer the following questions.
How do economists refer to the amount of capital employed per worker?
a. capital productivity
b. the capital stock
c. the human capital percentage
d. the capital‑labor ratio
What would likely happen if the amount of capital employed per worker grew?
a. Wages would fall because capital would be more important in production.
b. Wages would fall because physical capital would replace human capital.
c. Wages would be unchanged because wages are unaffected by the quantity of capital.
d. Wages would rise because workers would become more productive.
Answer:
d. the capital‑labor ratio
d. Wages would rise because workers would become more productive.
Explanation:
The capital stock is the amount of capital available in the economy. Dividing this by the number of workers produces the capital‑labor ratio.
Labor productivity is output divided by the number of workers (or labor hours, or some other measure of the use of labor). If labor productivity rises, workers are more valuable to employers and wages should rise.
As one factor grows relative to another, the faster‑growing factor's marginal productivity tends to go down relative to the slower‑growing factor's marginal productivity.
Labor productivity can grow because labor has more capital to use (that is, the capital‑labor ratio grows), or because workers have newly acquired skills and know‑how. This is known as human capital. Technological advances can also make labor more productive. All of these are important factors in economic growth.
Which of the statements concerning retirement accounts is true?
Individuals do not pay income tax on Social Security contributions, but there are no tax benefits tied to personal retirement accounts.
Contributions to personal retirement accounts remain the property of the individual or heirs, but Social Security payments are transferred to others.
Since Roth IRAs are funded with post‑tax dollars, they are never as attractive as pre‑tax traditional IRAs.
Individuals can allocate the funds in IRAs, 401(k)s, Roth IRAs, and Social Security accounts according to their risk preferences.
Answer:
Contributions to personal retirement accounts remain the property of the individual or heirs, but Social Security payments are transferred to others.
Explanation:
When working, the amount which you save for your personal retirement is your own money, however the money which is deducted for social security payments goes to those who are retired, have disabilities etc . When a person has been paying social security paymenrs, he becomes eligible for getting retirement benefits in future
Individual savers have different preferences when it comes to how much risk they want to take on their retirement accounts. Some are happy to take greater risks in order to (hopefully) earn greater rewards, but many, especially those close to retirement, would rather accept lower returns in order to avoid the possibility of losing part of their savings. Private retirement programs usually offer a range of risk options.
The Social Security Administration, however, handles things differently. Funds paid into the Social Security program are used to fund the benefits of current retirees; people working today will depend on payments made in the future by future workers to pay for their benefits. This is not how the program was originally envisioned, but people living longer lifespans, an increase in the number of retirees, and increases in benefits paid have all placed financial stress on the system.
Contributions to privately administered retirement programs remain the property of, and under the control of, the individual private contributors. Ownership may transfer to an heir or beneficiary, but that, too, is a private, individual decision.
The contributor's income that is invested into traditional IRAs is not taxed, but the withdrawals that are made at retirement age are taxed. The contributor's income that is invested into to Roth IRAs is taxed, but the withdrawals that are made at retirement age are not taxed.
Match each definition with the appropriate measurement of economic output.
a. the market value of all final goods and services produced by resources owned by citizens of a particular country in a given year
b. GDP adjusted to base year prices
c. GDP divided by population
d. GDP adjusted for differences in the cost of living in different countries
e. the market value of all final goods and services produced by resources located in a particular country in a given year
WORD BANK
real GDP
GDP PPP
GNP
nominal GDP
GDP per capita
Answer:
a. GNP
b. real GDP
c. GDP per capita
d. GDP PPP
e. nominal GDP
Explanation:
Gross domestic product statistics come in a variety of forms designed to investigate different aspects of production and the standard of living.
Nominal GDP is the market value of all final goods and services produced in a given country in a given year. Nominal GDP uses the prices at which the goods actually sold to value them (market value), and is not concerned with intermediate goods, which are goods used as inputs in the production of some other good or service. GDP also uses everything produced within the borders of a particular country, regardless of who owns those resources. This means that Toyotas produced at a plant in Kentucky would count towards U.S. nominal GDP, but Fords produced in Mexico would not.
Gross national product, the measure most used by economists before the early 1990s, is very similar to nominal GDP. The only difference is that GNP uses output produced by resources owned by citizens of a particular country, regardless of where that production takes place. So for GNP, the Fords produced in Mexico would count towards U.S GNP, but the Toyotas produced in Kentucky would not.
The type of GDP used most often is real GDP. This is GDP with output valued at the prices from a designated base year rather than by the market prices at which products were actually sold. This removes increases in GDP which come from price increases, leaving only the increases in the actual production of goods and services.
Another popular GDP measure is GDP per capita, which is simply GDP divided by the population. GDP per capita reveals how much each person in a country would have if GDP were divided equally among the entire population. The actual distribution of income will not be even, of course, but it does give economists a good idea of the relative wealth of different countries.
International comparisons are often hampered by significant differences in prices between countries, particularly in the prices of services that are hard to trade, like taxi rides or haircuts. GDP PPP, or GDP adjusted for purchasing power parity, is an attempt to adjust statistics to allow for variations in the cost of living, to give a more realistic picture of the differences between nations.
A personality test can't be used to?
A. diagnose mental health conditions .
B. reflect on your own personality type.
C. measure your individual personality traits.
D. show you careers you may be interested in.
Answer:
A.
Explanation:
Personality tests can not be used to diagnose a mental health condition.
What is the lowest night time temperature do you need tomato need to produce tomatoes?
32
65
55
Answer:
33
Explanation:
Although tomato plants can survive temperatures down to 33
In what ways does 'Hundy
cause negative impact in nation's economy? Give reasons
Exercise 1.) Why are Panchaibajas so called?
Answer:
Its envious
Explanation: The Panche baja is a set of five traditional Nepali musical instruments that are played during holy ceremonies, especially marriages
Theodosius left a will instructing the Romans to do what after his death?
Answer:
He decided to have the Roman Empire divided.
Explanation:
In what two areas can the constitution be amended?
Answer:
Either by the congress when two-thirds of the majority vote in the House of Representatives and the Senate, or by a constitutional convention called by two thirds of the State legislatures.
Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.
This is an excerpt from—
A.
the Bill of Rights.
B.
the Declaration of Independence.
C.
the Second Amendment.
D.
Article 1 of the Constitution.
According to Chapter 8 of your textbook, the three types of entry strategies are __________, ____________, and _____________.
Answer:
Direct Exporting
Licensing
Partnering
Identify each scenario as an example of expansionary fiscal policy, contractionary fiscal policy, or not an example of fiscal policy.
a. An increase in the money supply is ___________ fiscal policy.
b. A decrease in taxes is ___________ fiscal policy.
c. A decrease in the unemployment rate is ___________ fiscal policy.
d. An increase in tax rates is ___________ fiscal policy.
e. A decrease in government spending is ___________ fiscal policy.
f. A decrease in the money supply is ___________ fiscal policy.
g. A decrease in transfer payments is ___________ fiscal policy.
h. An increase in corporate bonds purchased is ___________ fiscal policy.
i. An increase in government spending is ___________ fiscal policy.
WORD BANK
not an example of
a contractionary
an expansionary
Answer:
a. An increase in the money supply is not an example of fiscal policy.
b. A decrease in taxes is an expansionary fiscal policy.
c. A decrease in the unemployment rate is not an example of fiscal policy.
d. An increase in tax rates is a contractionary fiscal policy.
e. A decrease in government spending is a contractionary fiscal policy.
f. A decrease in the money supply is not an example of fiscal policy.
g. A decrease in transfer payments is a contractionary fiscal policy.
h. An increase in corporate bonds purchased is not an example of fiscal policy.
i. An increase in government spending is an expansionary fiscal policy.
Explanation:
Fiscal policy refers to changes in tax policy or government spending in pursuit of economic goals. Fiscal policy is expansionary if it leads to higher levels of spending and contractionary if it leads to reduced spending.
Two of the scenarios provide examples of expansionary fiscal policy. An increase in government spending and a decrease in taxes are both federal government mechanisms designed to increase aggregate demand. Expansionary fiscal policy is when the government expands the money supply using tools like increase spending or cut taxes.
Three of the scenarios provide examples of contractionary fiscal policy. A decrease in government spending, an increase in taxes, and a decrease in transfer payments are all federal government mechanisms designed to decrease aggregate demand. Contractionary fiscal policy is when the government reduces the money supply by decreasing spending or raising taxes.
Four scenarios do not exemplify fiscal policy, as they are not federal government mechanisms designed to expand or contract aggregate demand. Two of the scenarios concern changes in the money supply and so reflect monetary policy, conducted by the Federal Reserve. The other two scenarios depict phenomena that, taken on their own, are unrelated to fiscal policy. The unemployment rate could fall for various reasons and is not a part of fiscal policy. The volume of corporate bonds purchased could increase for a variety of reasons and is not a part of fiscal policy.
Which phrase describes the ottman empire
Answer:
An Indian Islamic kingdom that was tolerant toward Hindus C.
Explanation:
Which of the following is an example of foreign portfolio investment?
The examples of foreign portfolio investments are:
stocksbondsmutual fundsexchange traded fundsWhat is foreign portfolio investment?These are the portfolios that are held by people that are regarded as foreign investors.
These portfolios allows investors to invest their capital in portfolios abroad .
Read more on investments here: https://brainly.com/question/1305349
Answer:
Role Of Investments Quick Check Answers:
A- An investor in the united kingdom purchases stock issued by a united states corporation.
D- Foreign direct investment involves significant control in a foreign business
C- Foreign investment provides capital to foreign countries that may be used in production
C- The World Bank provides free access to its publications to researchers.
B- Foreign aid involves the transfer of money to address economic, military, and humanitarian situations.
HELP Which of the following best describes the United States?
It has a market economy with no government regulation. This is the only system that can work with a government run by the people.
It has a command economy. A large nation like the United States needs the government to control all growth of business to prevent problems.
It has a traditional economy. Most communities are focused on providing their own needs with the resources available in the local area.
It has a mixed economy. The government protects individual rights, such as minimum pay for work and choices in goods and services.
Which of the following best describes
"equity?"
A. investing in a company
B. paying money back to a firm
C. printing more money for business use
D. buying products from a firm
Answer:
The sum of what the initial stockholders paid when they bought company shares and the earnings that the company has retained over the years.
Consider the GDP deflator and real GDP, given in thousands of dollars, for the country of Economica.
The base year, or base period, is year 3. For the given years, calculate the nominal GDP. Round your answers to the nearest dollar.
What is the nominal GDP for year 1?
What is the nominal GDP for year 2?
What is the nominal GDP for year 3?
Answer:
Year 1: $32,316
Year 2: $49,924
Year 3: $10,998
Explanation:
1. Nominal GDP in year 1 = (gdp deflator * real GDP)/100
= (105 * $30,777)/100
= 1.05 * $30,777
= $32,315.85 ~ $32,316
2. Nominal GDP in year 2 = (gdp deflator * real GDP)/100
= (123 * $40,589)/100
= 1.23 * $40,589
= $49,924.47 ~ $49,924
3.Nominal GDP in year 3 = (gdp deflator * real GDP)/100
= (100 * $10,998)/100
= $10,998
The Mayan people practiced a blank type of government
a. democracy
b. city-state
type of government.
c. theocracy
d. bureaucracy
c. Theocracy
Explanation:
The Mayans developed a hierarchical government ruled by kings and priests.
Theocracy is defined as a system of government in which priests rule in the name of God or a god.
A. cycling B. swimming C. running D. walking Please select the best answer from the choices provided. A B C D
Answer:
Where is the Question?
Explanation:
Just trying to help-‚-
Answer:
B
Explanation:
B swimming
Because I like it.
I just gave my opinion because your question is incomplete
Which of the following would not be a fossil?
A dinosaur footprint
An ancient bird nest mold
a fly stuck in tar a year ago
A mammoth stuck in ice
Answer:
fly stuck in tar would be the correct answer because fossils take long periods of time to form and the fly was only in the tar for a year
Give 3 reasons why you believe that the Constitution is very important?
Answer:
It is an important law of the land.
It determines the relationship of the citizens with the governments.
It lays down principles and guidelines which are required for people belonging to different ethnic and religious groups to live in harmony.
what is the purpose of truth?
Answer:
truth, in metaphysics and the philosophy of language, the property of sentences, assertions, beliefs, thoughts, or propositions that are said, in ordinary discourse, to agree with the facts or to state what is the case. Truth is the aim of belief; falsity is a fault
Answer:
to agree with the facts or to state what is the case.
Pretorius wanted to investigate widows as victims of financial exploitation. She began her study by locating a few such widows by means of an article focusing
on the problem of the financial exploitation of widows that appeared in a local suburban newspaper. She then asked each of these widows for the names of
other widows who were victims of financial exploitation that might be interested in being a part of her study. which sampling strategy did she use?
A. purposive
B. available subjects
C. snowball
D. quota
E. selecting informants
Based on the fact that Pretorius wanted the widows to identify other widows who were exploited, this is a C. Snowball sampling technique.
What is the snowball sampling technique?This is a technique where those who are being studied are used to find other people to be studied because the original ones might know others in their situation.
The widows in this instance were used to find other widows who could have been exploited so this is snowball sampling.
Find out more on sampling techniques at https://brainly.com/question/9612230.
.What do latitude and longitude lines help us find?
A. The absolute location of a place.
B. The area of a region.
C. The distance between the Earth and Sun.
D. How tall a mountain range is.
Answer:
A. The absolute location of a place.
Explanation:
The latitude and longitude numbers identifying the absolute location of a place on earth. An imaginary line that runs around the center of the earth halfway between the north and south poles at 0˚ latitude. Divides the Earth into Northern and Southern Hemispheres.
Help me please
Explain what Andrew Johnson’s Reconstruction Plan is?
Answer:
1865 President Andrew Johnson implemented a plan of Reconstruction that gave the white South a free hand in regulating the transition from slavery to freedom and offered no role to blacks in the politics of the South.
The potential output of an economy depends on three factors: human capital, physical capital, and technology. For each item below, indicate whether it affects human capital, physical capital, or technology.
a. An improvement in adult literacy
b. An increase in the college student population
c. The development of smaller mp3 players
d. The acquisition of computers by companies
e. New distribution techniques
WORD BANK
human capital
physical capital
technology
Answer:
a. human capital
b. human capital
c. technology
d. physical capital
e. technology
Explanation:
Growth is generated by three main sources: growth of human capital, growth of physical capital, and technological advance. Human capital is the knowledge and skills of the workforce. While human capital need not be measured in schooling, years of education is a good proxy for the quantity of human capital in a society. However, literacy and continued education in one's career also contribute to a society's store of human capital.
Physical capital refers to the physical goods used to produce output. This includes machines, computers, factories, office building, etc. You may have been tempted to categorize computers as technology, but technology refers to the methods and techniques used in various human endeavors, including production. Once developed, a computer itself is a physical machine that helps in the production process.
Technology is the application of knowledge to achieve practical ends. Technological advance explains the increase in output that would be possible if human and physical capital were constant over time. Technological advance often arises from the growth of knowledge, e.g., of management techniques, chemical properties, programming structures, distribution techniques, communication networks, transportation methods, and so forth.
The first step in solving an ethical dilemma is to
Answer:
Weight the impact of each alternative on various skateholders.
Answer
Explanation:
gather the information that you have then identify the problem then explore the indications you have (if this didnt help im sorry)
Ruritania produces Widgets and Gizmos. If all of its factors of production are committed to making widgets exclusively, it can make 8 million units each year. If all of its factors are committed to making Gizmos exclusively, it can make 8 million units per year.
Ruritania's Ministry of Growth has considered various plans to stimulate economic growth in the kingdom. Adjust the production possibilities frontier (PPF) on the graph to show the impact of a successful plan to provide more on-the-job training.
Answer:
*see image*
Explanation:
The production possibilities frontier is a line showing the maximum combinations of two goods that a nation can produce. One variable that impacts the PPF is the productivity of a nation's workers.
A successful increase in the Literacy rate will shift the PPF to the right i.e. outward and the nation can produce more and more of the two goods, it will increase the labor capacity and with it the economic capacity will also increase .
Ruritania's plan to provide more on-the-job training increases the human capital in the labor force and increases productivity. As workers can now produce more widgets and gizmos, the PPF should shift outward.
ANSWER ALL PLS I GIVE BRAINLIEST
In the blank at the left, write the letter of the choice that best completes the statement or answers
the question.
7 Points
___ 1. To avoid the concentration of power, the states divided government functions between the
_?_.
A. people and the governor
B. people and legislature
C. governor and the president
D. governor and the legislature
Continue on next page.
___ 2. Under most state constitutions, which government branch was most powerful?
A. the judicial branch
B. the legislative branch
C. the executive branch
D. none
___ 3. Which of these functions could the national government not perform under the Articles of
Confederation?
A. conduct foreign affairs
B. impose taxes
C. maintain armed forces
D. issue currency
___ 4. How many states had to approve the Articles of Confederation?
A. 13
B. 9
C. 11
D. 10
___ 5. What area did the ordinance passed in 1787 create?
A. Mississippi River valley
B. Appalachia
C. Northwest Territory
D. Ohio River valley
___ 6. When could a territory apply for statehood?
A. when it abolished slavery
B. when it elected a governor
C. when it wrote a constitution
D. when its population reached 60,000
___ 7. How did Robert Morris propose to pay off the national debt left over from fighting the
Revolutionary War?
A. 5 percent state sales tax
B. 5 percent import tax
C. 5 percent national income tax
D. 10 percent inflation tax
Answer:
Explanation:
1. D
2. B
3.B
4.A
5. C
6. D
7. B
Select the details from the text that support the main ideas that Mount Everest is popular with climbers and non-climbers, and Mount Everest's popularity has impacted the environment.
A) Every year more and more people flock the mountain, but not everyone goes there to climb. … In recent years, climbers and guides have removed more than 16 tons of litter from Everest.
B) Portable burners and lightweight pots are needed for cooking on the mountain. … Modern transportation allows tourists and adventure seekers to fly into nearby cities.
C) The first climbers to summit Everest were New Zealander Edmund Hillary and Tenzing Norgay. … In 1979, the area surrounding Everest was designated as a natural world heritage site.
D) The government requires climbers to purchase a climbing permit. … Large numbers of climbers on the mountain at once can be unsafe.
