Tesla is recruiting Electric car maker Tesla is recruiting Nevadans with a high school diploma or...
Tesla is recruiting
Electric car maker Tesla is recruiting Nevadans with a high school diploma or equivalent to work in the battery gigafactory the company is building.
Source: Reno Gazette Journal, July 1, 2016
Explain how Tesla's huge project will influence potential GDP, employment, and the real wage rate in the United States.
Tesla's huge project will ______.
A.
increase the supply of labor in the United States but have no effect on the demand for labor. Potential GDP increases
B.
increase the demand for labor and the supply of labor in the United States, and increase potential GDP
C.
shift the U.S. production function upward, create a movement up along the production function as the full-employment quantity of labor increases, and increase potential GDP
D.
not shift the U.S. production function but will create a movement up along the production function, which increases potential GDP
E.
have no effect on U.S. potential GDP
Tesla's huge project will ______ the real wage rate.
A.
decrease the demand for labor and raise
B.
increase the supply of labor and lower
C.
have no influence on the demand for labor or
D.
increase the demand for labor and raise
E.
increase the demand for and lower
Homework Answers
Company is building a factory which will recruit workers who are currently not in the labor force. This step would increase production and firm is hiring so demand for labor increases. Overall GDP rises and since resource base is increased, there is an increase in potential full employment GDP
Option C
Option D.
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Tesla is recruiting
Electric car maker Tesla is recruiting Nevadans with a
high school diploma or...
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