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.
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)
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.
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
In what ways does 'Hundy
cause negative impact in nation's economy? Give reasons
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.
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.
How are oceans important to human beings?
Answer:
ocean give benefits such as swimming and catching fish and also they can move boats and go to islands and explore hope it helps. :)
Explanation:
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
.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.
.What is the system of how money is made and used within a particular country or region called?
(Please help quickly I'm on the exam and I need the answer fast because I need to move on to more assignments!!!)
A. Technology
B. Government
C. Economics
D. Production
(Please take time making the answer because I don't want it to be wrong)
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.
In Spectacula, sanitation engineers are being replaced with garbage robots, which have fewer negative effects and many more significant benefits. However, the labor cost efficiency of garbage robots has driven down the price of collecting garbage so significantly that sanitation engineers can no longer compete. After six months, everybody has switched to the cheaper and better garbage robots.
Assume that Spectacula consumes the same quantity of collecting garbage now as they did six months ago. Please select the choice that best describes the short‑run effects of this industrial change on Spectacula's GDP and its standard of living.
a. GDP and standard of living both increase.
b. There is not enough information to answer the question.
c. GDP decreases and standard of living increases.
d. GDP increases and standard of living decreases.
e. GDP and standard of living both decrease.
Answer:
c. GDP decreases and standard of living increases.
Explanation:
GDP is a measure of how much an economy produces. As we see here, this is a very rough measure of societal well‑being. To calculate GDP, we essentially take the price of everything sold in the economy and multiply it by the quantity sold. Then, we add everything up into a single GDP figure.
In this example, sanitation engineers are being replaced by garbage robots, a lower‑cost and improved version of the same thing. Since GDP is reliant on price and garbage robots are less expensive, GDP will necessarily decrease.
The citizens of Spectacula, however, can now enjoy the improvements of the better product. Furthermore, the lower cost of the product means they can spend the savings on other things they enjoy, like yoga balls or hunting rifles. This change represents an increase in standard of living.
This example should serve as a good reminder that GDP only approximates the standard of living, the thing economists really care about, and an approximation is only useful if its limitations are understood.
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 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
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.
Why do demographic factors matter when it comes to public opinion? What kind of differences in opinion do you find and why?
Answer:
Education is a large factor in the differences in public opinion.
Explanation:
Because education has a large impact on people's knowledge, understanding, and even how they may interpret information.
Demographic factors such as age, gender, race, ethnicity, education level, and socioeconomic status can shape an individual's values, beliefs, experiences, and perspectives, which can influence how they perceive and respond to various issues and policies.
What kind of differences in opinion do you find and why?Demographic factors can lead to significant differences in opinion on a variety of issues. For example, research has shown that younger people tend to be more supportive of progressive social policies than older people.
Women and men often hold different views on issues such as reproductive rights and healthcare. People of color may have different perspectives on issues such as criminal justice reform and immigration than white people.
Education level and socioeconomic status can also have an impact on opinion, with people with higher levels of education and socioeconomic status having different opinions on economic policies and social programs than those with lower levels.
These differences in opinion can be attributed to a variety of factors, including life experiences, cultural backgrounds, and exposure to different information sources.
Additionally, these differences can be reinforced and amplified by social and political polarization, which can make it difficult for people to bridge the gap between their views and those of others.
Learn more about demographic factors here:
https://brainly.com/question/8961180
#SPJ2
According to Chapter 8 of your textbook, the three types of entry strategies are __________, ____________, and _____________.
Answer:
Direct Exporting
Licensing
Partnering
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.
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.
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.
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.
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.
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 phrase describes the ottman empire
Answer:
An Indian Islamic kingdom that was tolerant toward Hindus C.
Explanation:
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.
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
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.
The graph characterizes a market for loanable funds. Shift the appropriate curves to indicate what will happen to the market if there is an improvement in the technology firms use in production.
After this change,
a. the real interest rate increases and the quantity of loanable funds decreases.
b. the real interest rate decreases and the quantity of loanable funds increases.
c. the real interest rate increases and the quantity of loanable funds increases.
d. the real interest rate decreases and the quantity of loanable funds decreases.
Answer:
c. the real interest rate increases and the quantity of loanable funds increases.
Explanation:
If there is improvement in the technology firms use in production then they need money. So they borrow more, because of this borrowing the demand curve will shift right.
As the demand curve shifts right it is clearly visible that from y-axis the real interest rate increases as the equilibrium shifts right due to shift in demand curve. From x-axis it is clear that quantity of loanable funds increases.
In the market here, there is an improvement in the technology firms use in production. In response to this change, borrowers will want to borrow more money at all interest rates. Firms have a greater incentive to borrow money because doing so has become more profitable. The change here should be modeled as an increase in demand for loanable funds.
To determine the impact on the interest rate and equilibrium quantity of loanable funds, identify the new intersection of the supply and demand curves. An increase in demand for loanable funds causes both the real interest rate and the equilibrium of loanable funds to rise.
After graduating from college in 2010, Art Major's starting salary is $50757.00. Suppose Art Major has a cost of living adjustment (COLA) clause, or an escalator clause, in his labor contract so that he will be able to maintain this same level of purchasing power in real terms in 2011 and 2012. Using the information in the table, how much will Art Major earn in 2011 and 2012 if his salary keeps up with inflation? Round your answers to the nearest dollar.
What is Art Major's salary in 2011? $____________
What is Art Major's salary in 2012? $____________
Answer:
Salary in 2011: $52,318
Salary in 2012: $55,445
Explanation:
*see image*
