Business, 18.03.2021 01:20 jamiecoolgal8697

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 l Labor Force Physical Capital Labor Output Labor
Capital (Workers) per Worker Hours (Garments) Productivity
(Looms) (Looms) (Garments per
hour of labor)
2026 120 60 3300 23100
2027 400 100 3500 49000
Based on your calculationsin physical capital per worker from 2026 to 2027 is associated with in labor productivity from 2026 to 2027
Suppose you're in charge of establishing economic policy for this small island country
Which of the following policies would lead to greater productivity in the weaving industry?
a. Offering free public education to every worker in the country
b. Subsidizing research and development into new weaving technologies
c. Sharply increasing the interest rate on student loans to people pursuing advanced degrees in weaving
d. Encouraging saving by allowing workers to set aside a portion of their earnings in tax-free retirement accounts

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 21:00

Colah company purchased $1.8 million of jackson, inc. 8% bonds at par on july 1, 2018, with interest paid semi-annually. when the bonds were acquired colah decided to elect the fair value option for accounting for its investment. at december 31, 2018, the jackson bonds had a fair value of $2.08 million. colah sold the jackson bonds on july 1, 2019 for $1,620,000. the purchase of the jackson bonds on july 1. interest revenue for the last half of 2018. any year-end 2018 adjusting entries. interest revenue for the first half of 2019. any entry or entries necessary upon sale of the jackson bonds on july 1, 2019. required: 1. prepare colah's journal entries for above transaction.

Answers: 1

Answer

Business, 22.06.2019 05:50

Match each of the terms below with an example that fits the term. a. fungibility the production of gasoline b. inelasticity the switch from coffee to tea c. non-excludability the provision of national defense d. substitution the demand for cigarettes

Answers: 2

Answer

Business, 22.06.2019 14:20

Anew 2-lane road is needed in a part of town that is growing. at some point the road will need 4 lanes to handle the anticipated traffic. if the city's optimistic estimate of growth is used, the expansion will be needed in 4 years and has a probability of happening of 40%. for the most likely and pessimistic estimates, the expansion will be needed in 8 and 15 years respectively. the probability of the pessimistic estimate happening is 20%. the expansion will cost $ 4.2 million and the interest rate is 8%. what is the expected pw the expansion will cost?

Answers: 1

Answer

Business, 22.06.2019 19:30

About 20 years ago, sturdy light, inc., produced a sturdy, lightweight backpack in a market that was rapidly growing. sturdy light became a leader in this market. eventually, the backpack market reached the maturity stage and slowed down. however, by this time, sturdy light had developed a strong brand name and continued to steadily lead the market. which of the following describes this scenario? a. sturdy light was a star that developed into a cash cow. b. sturdy light was a question mark that developed into a star. c. sturdy light was a dog that developed into a question mark. d. sturdy light was a cash cow that developed into a star.

Answers: 2

Answer

You know the right answer?

Consider a small island country whose only industry is weaving. The following table shows informatio...

Questions