from mological advancement would OA. A to B. OB. B to A. OC. S. to S₂. OD. S₂ to S₁- represented by a movement Price A B Quantity Supply, S₁ S₂ 3
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- Most of the jobs that were added to the American economy over the past thirty years were in which of the followingsectors?a. service and white-collarb. manufacturingc. miningd. skilled blue-collarwages and prices are which hellps the economy get back to potential GDP a- increasin technology b- increasing physical capita c- flaexible d- increasin human capitalHow do firms and individuals determine if it's worth it to (a) invest in capital improvements, (b) hire additional workers, or (c) decide where to work? pleae explain with simple examples that easy to understood i really appreciated
- Which of the following is considered a factor of production? A) Money B) Labor C) Stocks and bonds D) Consumer goods Don't use chatgpt otherwise give 20 downvotesAre there other ways in which we can measure productivity besides the amount produced per hour of work?As technological change makes us more sedentary and food costs increase, obesity is likely. What factors do you think may limit obesity?
- Exercise D25 What role does government play in stabilizing the economy and what are the tradeoffs that must be considered?Chose the trrue statement. a. Sincce the mid 1800ss , Unitedd States of America has experienced substantial migration in workforce in the following order: From service sector to agriculture, and then from agriculture to manufacturing. b. Moderniization or advances in technology, and smarrter processes are example factors that have increased manufacturing productivity in the US. c. The Clarrk-Fisher hypothhesis implies that as productivity increases in one sector, the labor force moves to another sector. d. b and c are true.Supply of labour: W = 20 + 4L. Production function: Y = A*(K*L)1/2 (square root of K*L). New technology: A = 32. Capital: K = 2250. New technology increases labour productivity and demand for labour: W = 420 - 6L. How much is GDP per worker (Y/L)?
- Solve this Economic d, e and f31. Which of the following happens when the country's labour is more productive? a.A decrease in total factor productivity b.An increase in real wage c.An increase in real production d.A decrease in factor incomea. Consider an economy which produces and sells, among a host of other things, 100 million T‑shirts a year. The average T‑shirt begins life when a farmer plants seeds she put away last year, waters them, and harvests the cotton, then sells the cotton to a mill for $0.75, which sells the fabric to a T‑shirt factory for $1.50, which sells its T‑shirts to a wholesaler for $5, who sells it to Nordstrom for $10, which finally sells it to you for $17. Determine the impact of T‑shirts on annual GDP by calculating the value added of the entire production process. b. Now, calculate the amount spent on T‑shirts in a year if 100 million T‑shirts are sold, each for $17. How does this compare to the amount calculated through the value‑added method?
