one of the reasons provided for the shift in employment has been the difference in productivity...
one of the reasons provided for the shift in employment has been the difference in productivity gains between the manufacturing and service sectors. if productivity rose more in the manufacturing sector than in the service sector, what effect would this have on employment in the manufacturing sector?
Homework Answers
Answer - The increase in the productivity of the manufacturing sector will increase the level of employment in this sector as compared to the service sector. This is because more producitvity gains , will lead to higher efficiency , higher output and higher gains. The higher gains may lead to the higher pays to the employees and productivity linked bonuses. Hence the employee will increase in the manufacturing sector.
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one of the reasons provided for the shift in employment has been
the difference in productivity...
Japanese labor productivity is roughly the same as that of the US in the manufacturing sector,...
Japanese labor productivity is roughly the same as that of the US in the manufacturing sector, while the US is more productive in the service sector. But most services are non-tradable. Some have argued that this poses a problem for the US, because US’s comparative advantage lies in things US cannot sell on world markets. ” To evaluate this statement, develop a small Ricardian model: Suppose that Japan has roughly half the population of the United States, so set L=...
5. Japanese labor productivity is on average about the same as that of the United States...
5. Japanese labor productivity
is on average about the same as that of the United States in the
manufacturing sector (higher in some industries, lower in others).
On the other hand, the United States is considerably more
productive in the service sector than Japan. Unfortunately, most
services are nontraded. American comparative advantage lies in
things that they cannot sell to Japan. Some analysts have argued
that this poses a disadvantage for the United States. There are two
types of arguments:...
7. Work It Out. Consider an economy with two sectors: manufacturing and services. Demand for labor...
7. Work It Out. Consider an economy with two sectors: manufacturing and services. Demand for labor in manufacturing and services are described by these equations: L Lm=200-6WmLs=100-4W L = 200 - 6W = 100 - 4W. where Lis labor (in number of workers), W is the wage (in dollars), and the subscripts denote the sectors. The economy has 100 workers who are willing and able to work in either sector. a. If workers are free to move between sectors, what...
7. Work It Out. Consider an economy with two sectors: manufacturing and services. Demand for labor...
7. Work It Out. Consider an economy with two sectors: manufacturing and services. Demand for labor in manufacturing and services are described by these equations: L = 200 – 6Wm L = 100 – 4W where L is labor (in number of workers), W is the wage (in dollars), and the subscripts denote the sectors. The economy has 100 workers who are willing and able to work in either sector. a. If workers are free to move between sectors, what...
Part IIL Suppose Hong Kildong, the King of Yuldo, imposes an additional payroll tax on the government employees. (We know Hong Kidong does not like the governmental officials.) He decides to thr...
Part IIL Suppose Hong Kildong, the King of Yuldo, imposes an additional payroll tax on the government employees. (We know Hong Kidong does not like the governmental officials.) He decides to throw the additional tax revenue into the East Sea near Dokdo as he believes that the only purpose of the tax is to penalize the government employees. Assume that there are only two sectors Governmental and non-governmental sectors) and two perfectly mobile factors (capital and labor) and that all...
Consider an economy with two sectors: agricultural and services. Demand for labor in agricultural and services...
Consider an economy with two sectors: agricultural and services. Demand for labor in agricultural and services are described by these equations: La = 200-6Wa Ls = = 1000 - 4Ws Where Lis labor (in number of workers), W is the wage (in dollars), and the subscripts denote the sectors. The economy has 1000 workers who are willing and able to work in either sector. a. Suppose workers are free to move between sectors, and wages adjust to equilibrate labor supply...
Suppose Hong Kildong, the King of Yuldo, imposes an additional payroll tax on the government employees....
Suppose Hong Kildong, the King of Yuldo, imposes an additional payroll tax on the government employees. (We know Hong Kildong does not like the governmental officials.) He decides to throw the additional tax revenue into the East Sea near Dokdo as he believes that the only purpose of the tax is to penalize the government employees. Assume that there are only two sectors (Governmental and non-governmental sectors) and two perfectly mobile factors (capital and labor), and that all the productivity...
Based on the Employment Situation Summary below, answer the following questions: 1. What month (and year)...
Based on the Employment Situation Summary
below, answer the following questions:
1. What month (and year) is summarized?
What was the unemployment rate for that month?
How does that rate compare with the rate in the previous month?
2. What were the unemployment rates for adult women, teenagers,
blacks, hispanics, and whites?
How did these rates compare with those a month earlier?
3. What factors make it difficult to determine the unemployment
rate?
4. Why is unemployment an economic problem?...
11. "When employees are dismissed from employment for reasons other than poor performance, unemployment benefits should...
11. "When employees are dismissed from employment for reasons other than poor performance, unemployment benefits should replace 100 percent of their prior earnings while they are searching for a new job." Do you think this proposal is a good one? Why or why not? If instituted, would the policy influence how quickly laid-off workers would find new jobs? What im- pact would the policy have on the unemployment rate?
What is the difference between a progressive tax and a regressive tax? Give an example of...
What is the difference between a progressive tax and a regressive tax? Give an example of each. percentage of their incomes in tax than do people with higher incomes, and a regressive tax is a tax for A progressive tax a tax for which people with lower incomes pay a which people with lower incomes pay a percentage of their incomes in tax than do people with higher incomes. higher lower Assume the market for labor is initially in equilibrium....
5. Japanese labor productivity
is on average about the same as that of the United States in the
manufacturing sector (higher in some industries, lower in others).
On the other hand, the United States is considerably more
productive in the service sector than Japan. Unfortunately, most
services are nontraded. American comparative advantage lies in
things that they cannot sell to Japan. Some analysts have argued
that this poses a disadvantage for the United States. There are two
types of arguments:...
7. Work It Out. Consider an economy with two sectors: manufacturing and services. Demand for labor in manufacturing and services are described by these equations: L Lm=200-6WmLs=100-4W L = 200 - 6W = 100 - 4W. where Lis labor (in number of workers), W is the wage (in dollars), and the subscripts denote the sectors. The economy has 100 workers who are willing and able to work in either sector. a. If workers are free to move between sectors, what...
7. Work It Out. Consider an economy with two sectors: manufacturing and services. Demand for labor in manufacturing and services are described by these equations: L = 200 – 6Wm L = 100 – 4W where L is labor (in number of workers), W is the wage (in dollars), and the subscripts denote the sectors. The economy has 100 workers who are willing and able to work in either sector. a. If workers are free to move between sectors, what...
Part IIL Suppose Hong Kildong, the King of Yuldo, imposes an additional payroll tax on the government employees. (We know Hong Kidong does not like the governmental officials.) He decides to throw the additional tax revenue into the East Sea near Dokdo as he believes that the only purpose of the tax is to penalize the government employees. Assume that there are only two sectors Governmental and non-governmental sectors) and two perfectly mobile factors (capital and labor) and that all...
Consider an economy with two sectors: agricultural and services. Demand for labor in agricultural and services are described by these equations: La = 200-6Wa Ls = = 1000 - 4Ws Where Lis labor (in number of workers), W is the wage (in dollars), and the subscripts denote the sectors. The economy has 1000 workers who are willing and able to work in either sector. a. Suppose workers are free to move between sectors, and wages adjust to equilibrate labor supply...
Based on the Employment Situation Summary
below, answer the following questions:
1. What month (and year) is summarized?
What was the unemployment rate for that month?
How does that rate compare with the rate in the previous month?
2. What were the unemployment rates for adult women, teenagers,
blacks, hispanics, and whites?
How did these rates compare with those a month earlier?
3. What factors make it difficult to determine the unemployment
rate?
4. Why is unemployment an economic problem?...
11. "When employees are dismissed from employment for reasons other than poor performance, unemployment benefits should replace 100 percent of their prior earnings while they are searching for a new job." Do you think this proposal is a good one? Why or why not? If instituted, would the policy influence how quickly laid-off workers would find new jobs? What im- pact would the policy have on the unemployment rate?
What is the difference between a progressive tax and a regressive tax? Give an example of each. percentage of their incomes in tax than do people with higher incomes, and a regressive tax is a tax for A progressive tax a tax for which people with lower incomes pay a which people with lower incomes pay a percentage of their incomes in tax than do people with higher incomes. higher lower Assume the market for labor is initially in equilibrium....
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