Long-run economic growth depends almost entirely on one in gredient : rising productivity. Productivity increases (other things equal)when workers are equipped with more physical capital, more human capital, and / or better technology.
Again, suppose that in an attempt to increase productivity, the government requires firms across the economy to provide their workers with flat-panel monitors, wireless keyboards and mice, and cell phones. Initially, each worker was backed by $4,000. Now, each worker is backed by $6,000 worth of physical capital.
The graph below shows three aggregate production functions (aproductivity curve) for the economy. Point N represents the initial state of the economy.
Suppose that, in addition to the increase in capital, the economy experiences significant technological progress.
Determine the point to which the economy moves. What percent of the increase in productivity is accounted for by rising total factor productivity?
In general, which of the following statements is correct concerning the priority among checks drawn on a particular account and presented to the drawee bank on a particul...Aug 07 2021
Compared to the less developed countries, the highly developed ones have a higher ________.a. death rateb. birth ratec. total fertility rated. resource consumption rateJul 05 2021
Following are selected accounts for Mergaronite Company and Hill, Inc., as of December 31, 2015. Several of Mergaronite’s accounts have been omitted. Credit balances are ...Jul 22 2020
Draw structural formulas for the isomeric carbocation intermediates formed on treatment of each alkene with HCl. Label each carbocation 1°, 2°, or 3° and state which of t...Jul 22 2021
In each of the following sentences, indicate whether the underlined verb is transitive ( T\!T ), intransitive ( I\!I ), or linking (L). The first two sentences are follow...Jun 29 2021
Emily Dao, 27, just received a promotion at work that increased her annual salary to $37,000. She is eligible to participate in her employers? 401(k) plan to which the em...May 03 2020
Dec 29 Susquehanna equipment rentals was named, along with mission landscaping and collier construction ,as a co defendant in 25000 lawsuit filed on behalf of kevin daven...Apr 20 2018
Which of the following solutions has the greatest concentration of hydroxyl ions [OH-]? A) vinegar at pH 3 B) tomato juice at pH 4 C) urine at pH 6 D) seawater at pH...Jul 14 2021
Pizza King (PK) and Noble Greek (NG) are competitive pizza chains. PK believes there is a 25% chance that NG will charge $6 per pizza, a 50% chance NG will charge $8 per ...Aug 09 2020
Explain the database development process.2) What are the different types of relationships represented in a data model?3) Explain the difference between maximum and minimu...Dec 07 2019