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A: Diversified workforce is an important feature of any work organization in terms of growth and…
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A: Given that, The law of increasing opportunity cost arises, the reason is : The law of increasing…
Q: What is the impact on the labour market due to reduction in productivity of workers?
A: Productivity changes cause major changes in labor market.
Q: In what sense is education a type of capital?
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Q: Problem 20 a) In simple words explain the human capital theory.
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Graphically explain the golden rule level of capital.
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Q: Give some examples of direct labor?
A: Direct laborers are the individuals and staff who produce the company’s products and provide…
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A: The process of creating new jobs, particularly for those who were previously unemployed or inactive,…
Q: Human Capital Theory
A: Human capital theory emphasis on the development or up-skilling of the of the human capital. This in…
Q: Productivity refers to the quantity of goods and services that a worker can produce for each hour of…
A: Productivity is the ratio between the volume of output and the volume of inputs.It measures how…
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A: Small and Medium scale Enterprises plays an important role in solving the problem of unemployment…
Q: Education increases the stock of human capital and so increases the standard of living. Select one:…
A: The education is the most important source of knowledge and increasing the skills or knowledge which…
Q: Describe the marketing effect of migration.
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Q: Which of the following would be strategies to increse productivity A.) Invest in accumulating…
A: Productivity refers to the ability of a firm to use input resources efficiently and to minimize the…
Q: Explain what is meant by Human Capital and how it may be acquired. What are the implications of…
A: Human Capital includes education,knowledge, skills and health that human accumulate during their…
Q: what are the privilages of familial capital
A: Along with the incomes that a person earns in his/her lifetime, some other kinds of wealth make…
Q: 1. Neither Adam Smith nor Karl Marx viewed public sector labour as a source of economic value in…
A: Following are the answers to the questions:
Q: Physical capital is the factories and machinery used to produce other goods and services. ● ● ● ●…
A: Actual CAPITAL or physical capital ARE THOSE PHYSICAL INPUTS WHICH ARE FURTHER USED IN THE…
Q: According to existing general labor
A: New creation value created by worker in two pair of shoes are 6
Q: Portray the changing occupationalstructure in modern economies.
A: Occupational Structure:- The aggregate distribution of jobs in community, defined by level of…
Q: Why don’t wages measure the full return to labor? Why is human capital the most important factor of…
A: In humàn economy capital is the development of jobs created by education and knowledge, as well put…
Q: Why are labour markets imperfect? Give five reasons.
A: Labor markets are imperfect since the wages anticipated by Marginal revenue product theory are not…
Q: Explain the impact of education on labour productivity.
A: Productivity is determined by human capital. If human capital is more, the productivity will rise.
Q: example
A: Capital deepening refers to a situation where the capital-labour ratio, or the level of capital per…
Q: Every year workers immigrate to the United States. If they are mostly low-skilled workers, then a…
A: The transfer of individuals from their home nation or area to another country, of which they are not…
Q: Is there a sufficient quantity of adequately skilled people in the local labor force to meet your…
A: The skilled people and labour in an economy are considered as an asset to the functioning and…
Q: Education, better skill, training and good health are examples of physical capital True/False
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Q: Insights and Reflection about labor migration
A: Labourer: The term labourer refers to the person who offers the labour against the remuneration and…
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- Education seems to be important for human capital deepening. As people become better educated and more knowledgeable, are there limits to how much additional benefit more education can provide? Why or why not?Are there other ways in which we can measure productivity besides the amount produced per hour of work?Explain the terms: I) Economic well-being ii) Economic heritage iii) Diversification
- How do we measure labor productivity? How do changes in labor productivity affect the U.S. standard of living? Does an increase in labor productivity always leads to an increase in standard of living, explain?In the country of Azard, businesses use new smart cell phones to speed up many tasks such as sales recording, inventory checks, purchase orders etc. Which components of growth are recorded here? Human and physical capital Human capital and technology Technology only Physical capital and technology(i) What is the relationship between unemployment and economic growth for each country? (ii) Compare the relationship between unemployment and economic growth between the two countries.
- Which is the best example of human capital A.) Roads, bridges and other infrastructure B.) Technological innovation C.) Your education D.) Factories and machinesa. Considering the determinants of productivity, list and explain some things thatwould tend to prohibit or limit a poor country’s ability to catch up with rich ones.b. Economist believe there is a strong correlation between productivity and the standard ofliving? Discuss.[HINT: In your answer be sure to explain what productivity and standard of living mean.Make a list of things that determine labour productivity and explain how each of them havean impact on the standard of living.]Please list and explain 8 key points1) Considering the determinants of productivity, list and explain some things that would tend to prohibit or limit a poor country’s ability to catch up with rich ones.b. Economist believe there is a strong correlation between productivity and the standard of living? Discuss.In your answer be sure to explain what productivity and standard of living mean. Make a list of things that determine labour productivity and explain how each of them have an impact on the standard of living
- UAE is having a mixed economic system. Which of the following differentiates mixed economies from other economic systems? a. Export and Import b. Public and Private sector c. Modern and Traditional industry d. National and Local farminga. Considering the determinants of productivity, list and explain some things that would tend to prohibit or limit a poor country's ability to catch up with rich ones. b. Economist belive there is a strong correlation between productivity and the standard of living? Discuss. [Hint: in your answer be sure to explain what productivity and standard of living mean. Make a list of things that determine labour productivity and explain how each of them have an impact on the standard of living]Human capital is one of the mnost important factors in achieving a successful model for development. An indispensable tool in preparing the human capital to play an active role in development is education (Al Mahrooqi, 2018). Al Hinai (2015) mentioned that "Korea, Taiwan, Singapore, and Malaysia had limited natural resources, but they presented significant industrial achievement due to giving more attention to education and HR development" (P 88). Questions : 1. Write the referencing type in the first and second paragraphs, and write the final reference list if you have the following details.
