How can productivity increase?
- How can productivity increase?
Homework Answers
In order to increase productivity, each worker must be able to produce more output. This is referred to as labor productivity growth. The only way for this to occur is through an in increase in the capital utilized in the production process. This increase can be in the form of either human capital or physical capital
Human capital can be increased by investment in health and education,developing skills of the youth, introducing new training programmes.
Physical capital can be increased by investment in plants and machinery,and technology.
As a growth strategy a country can choose to increase labor, increase capital, or increase productivity....
As a growth strategy a country can choose to increase labor, increase capital, or increase productivity. Which is a better long run strategy? Why?
3) . A rising real wage and employment level can be explained by a. a decrease in productivity; b. an increase in the ti...
3) . A rising real wage and employment level can be explained by a. a decrease in productivity; b. an increase in the time endowment (labor force participation rate); c. an increase in productivity and time endowment; d. an increase in productivity.
How does an increase in the amount of education affect an economy's productivity and income? Please...
How does an increase in the amount of education affect an economy's productivity and income? Please explain extensively. Thank you
True or false? An increase in Total Factor Productivity always increases the firm’s profit. (You can...
True or false? An increase in Total Factor Productivity always increases the firm’s profit. (You can assume there is no government for simplicity.) Explain/ support answer
Migration Using the Harris-Todaro model, show how an increase in the productivity of agriculture will reduce...
Migration Using the Harris-Todaro model, show how an increase in the productivity of agriculture will reduce migration. Be sure to explain what you are showing.
What are four factors that can affect productivity, and how can these be improved?
What are four factors that can affect productivity, and how can these be improved?
Describe three techniques that can be used to increase the productivity of a picker. What additional costs do they have...
Describe three techniques that can be used to increase the productivity of a picker. What additional costs do they have over a simple paper list?
3. Explain using graphs of how a productivity increase effects the supply and demand for aggregate...
3. Explain using graphs of how a productivity increase effects the supply and demand for aggregate output, and the supply and demand for labor. [hint: To do this, label all axes and graphs correctly, and show how each the supply and the demand shifts in each of the goods and labor markets].
A program manager implemented a new policy designed to increase productivity. Productivity went up after the...
A program manager implemented a new policy designed to increase productivity. Productivity went up after the new policy was implemented. on Based on the above statements, is the following conclusion true, false, or is there not enough information to determine? The new policy designed to increase productivity worked. O True O False O Not Enough Information
Management's snooping can raise worker wages because it can Select one: O a. increase overall worker productivity b...
Management's snooping can raise worker wages because it can Select one: O a. increase overall worker productivity by reducing shirking. O b. undercut worker morale. c. be distasteful to workers causing a reduction in the number of workers wanting to work. d. A and C
A program manager implemented a new policy designed to increase productivity. Productivity went up after the new policy was implemented. on Based on the above statements, is the following conclusion true, false, or is there not enough information to determine? The new policy designed to increase productivity worked. O True O False O Not Enough Information
Management's snooping can raise worker wages because it can Select one: O a. increase overall worker productivity by reducing shirking. O b. undercut worker morale. c. be distasteful to workers causing a reduction in the number of workers wanting to work. d. A and C
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