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- Give Some examples of different types of productivity measures?Please help. Explain each Theory of mercantilism Adam Smith’s Laissez-Faire Theory Karx Marx’s theory of socialism Theory of socio-economic development by Joseph Schumpeter newspapers or magazines to able to search for government programs for the development of MSMEsIn Economics, "______________________ is the sum total of skills embodied within an individual: education, intelligence, charisma, creativity, work experience, entrepreneurial vigor, and even the ability to throw abaseball fast." Which of the below correctly fills the blank at the start of the above quote? Group of answer choices Productivity Capitalism Human capital Socialism
- According to Charles Wheelan's Naked Economics, which of the below is NOT TRUE for human capital? Group of answer choices: a. Human capital increases productivity. b. Human capital makes for healthier people. c. Human capital increases earning potential of workers. d. Human capital increases the cost of labor and makes a nation less competitive globally. e. Human capital makes for better parents.Explain why ‘inclusiveness’ and ‘equality in opportunities’ can strengthen the innovation capability of an economy?Which of the following is NOT a way that point F can become attainable? Select one: a. More workers b. Better allocative efficiency C. Better training for the workers d. Technological improvements
- Economics Refer to the figure above. If cars are capital intensive and furniture is labor intensive, then according to the HO theory, then this country.. (select all that apply)According to Adam Smith, which one was not the reason why division of labor increases output? Select one: a. Invention of new machinery. b. Increase labor skills. c. Time-consuming. d. Increase efficiencyWrite the production function (human capital (H) being included in TFP) and explain the content of the each factor of production.
- Many economist and business leaders feel this is the most important factor in the Factors of Production? a. Land b. Capital c. Labor d. EntrepeneurshipAdam Smith did not considered ________ as one of the component of productionIn economics, How might productivity be measured for each of the following industries ? a. Education(e.g., elementary and secondary education, higher education—undergraduate and graduate) b. Government (e.g., the Social Security Office, the Internal Revenue Service) c. Manufacturing (e.g., soap and toothpaste, computers, heavy machinery) d. Finance and insurance (e.g., banks, insurance companies, brokerage houses)
