1.The one variable that stands out as the most significant explanation of large variations in living...
1.The one variable that stands out as the most significant explanation of large variations in living standards around the world is
|
a. |
productivity. |
|
b. |
population. |
|
c. |
preferences. |
|
d. |
prices. |
2. Productivity is defined as
|
a. |
the amount of difficulty that is involved in producing a given quantity of goods and services. |
|
b. |
the quantity of labor that is required to produce one unit of goods and services. |
|
c. |
the quantity of goods and services produced from each unit of labor input. |
|
d. |
the quantity of goods and services produced over a given amount of time. |
3. What term do economists use to describe the relationship between the quantity of inputs used and the quantity of output produced?
|
a. |
production function |
|
b. |
input function |
|
c. |
capital function |
|
d. |
returns to scale |
4. Which of the following is a determinant of productivity?
|
a. |
human capital per worker |
|
b. |
physical capital per worker |
|
c. |
natural resources per worker |
|
d. |
All of the above are correct. |
5. The Palm Restaurant uses all of the following to produce vegetarian meals. Which of them is an example of physical capital?
|
a. |
the owner's knowledge of how to prepare vegetarian entrees |
|
b. |
the money in the owner's account at the bank from which she borrowed money |
|
c. |
the tables and chairs in the restaurant |
|
d. |
the land the restaurant was built on |
Homework Answers
Request Answer!
We need at least 10 more requests to produce the answer.
0 / 10 have requested this problem solution
The more requests, the faster the answer.
Add Answer to:
1.The one variable that stands out as the most
significant explanation of large variations in living...
3. Productivity and growth policies Consider a small island country whose only industry is fishing. The...
3. Productivity and growth policies Consider a small island country whose only industry is fishing. 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. Physical Capital per Worker (Fishing...
Consider a small island country whose only industry is printing. The following table presents information about...
Consider a small island country whose only industry is printing. The following table presents information about this small economy in two different years. Complete the table by calculating physical capital per worker and 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 Capital Labor Force Physical Capital per Worker Labor Hours Output...
Hint: Recall that productivity is defined as the amount of goods and services a worker can...
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. Labor Productivity (Garments per hour of labor) Year 2029 2030 Physical Capital (Looms) 300 480 Labor Force Physical Capital per Worker Labor Hours (Workers) (Looms) (Hours) 1003 4,000 4,200 Output (Garments) 36,000 50,400 480 120 12 in physical capital per worker from 2029 to 2030 is associated...
3. Productivity and growth policies Consider a small island country whose only industry is fishing. The...
3. Productivity and growth policies Consider a small island country whose only industry is fishing. The following table shows information about 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. Physical Capital Labor Force Physical Capital per Worker (Fishing poles) Labor Hours...
3. Productivity and growth policies Consider a small Island country whose only Industry is fishing. The...
3. Productivity and growth policies Consider a small Island country whose only Industry is fishing. 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. Physical Capital (Fishing poles) 120...
3. Productivity and growth policies Consider a small island country whose only industry is fishing. The...
3. Productivity and growth policies Consider a small island country whose only industry is fishing. 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. Physical Capital Labor Force Physical...
3. Productivity and growth policies Consider a small island country whose only Industry is fishing. The...
3. Productivity and growth policies Consider a small island country whose only Industry is fishing. 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. Labor Force (Workers) Physical Capital...
3. Productivity and growth policies Consider a small island country whose only industry is weaving. The...
3. Productivity and growth policies 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 Capital Labor Force...
3. Productivity and growth policies Consider a small island country whose only industry is weaving. The following table...
3. Productivity and growth policies 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 Capital Labor Force...
Dropdown options are Increase/Decrease 3. Productivity and growth policies Consider a small island country whose only...
Dropdown options are
Increase/Decrease
3. Productivity and growth policies 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. Physical...
3. Productivity and growth policies Consider a small island country whose only industry is fishing. 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. Physical Capital per Worker (Fishing...
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. Labor Productivity (Garments per hour of labor) Year 2029 2030 Physical Capital (Looms) 300 480 Labor Force Physical Capital per Worker Labor Hours (Workers) (Looms) (Hours) 1003 4,000 4,200 Output (Garments) 36,000 50,400 480 120 12 in physical capital per worker from 2029 to 2030 is associated...
3. Productivity and growth policies Consider a small island country whose only industry is fishing. The following table shows information about 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. Physical Capital Labor Force Physical Capital per Worker (Fishing poles) Labor Hours...
3. Productivity and growth policies Consider a small Island country whose only Industry is fishing. 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. Physical Capital (Fishing poles) 120...
3. Productivity and growth policies Consider a small island country whose only industry is fishing. 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. Physical Capital Labor Force Physical...
3. Productivity and growth policies Consider a small island country whose only Industry is fishing. 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. Labor Force (Workers) Physical Capital...
Dropdown options are
Increase/Decrease
3. Productivity and growth policies 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. Physical...
Most questions answered within 3 hours.
-
Why we should not allow the Oil & Gas industry to
explore, exploit and extract oil...
asked 17 seconds ago -
In the readings for this topic, the methods for gathering data are
provided. However, there is...
asked 12 minutes ago -
Select from the option list provided the most likely
classification(s) of net assets, if any, that...
asked 12 minutes ago -
Ivanhoe Corp. management is expecting a project to generate
after-tax income of $76,940 in each of...
asked 14 minutes ago -
An unknown compound contains only CC , HH , and OO . Combustion
of 5.30 g5.30...
asked 20 minutes ago -
List 3 viral classes based on their morphology.
What is the difference between lytic and lysogenic...
asked 21 minutes ago -
Myca Corp. has a project with the following cash flows. What is
the value of the...
asked 1 hour ago -
When an object moves through a fluid, the fluid exerts a viscous
force F on the...
asked 3 hours ago -
Why did the observed chemistry of thallium mislead Mendelev to
place the group 13 element (Tl)...
asked 4 hours ago -
A sine wave signal is displayed on the screen of an
oscilloscope. 6 peak-to-peak divisions are...
asked 7 hours ago -
a
1500 kg car accelerates from 0 to 25 m / s in 21.0s. How much...
asked 8 hours ago -
Calculate the molarity of each of the following solutions:
(a) 30.5 g of ethanol (C2H5OH) in...
asked 8 hours ago