Business, 25.02.2021 19:00 Austin4094

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 producer per hour. In this problem, measure productivity as the quantity of goods per hour of labor.
Year Physical Capital Labor Force Physical Capital per Worker Labor Hours Output Labor Productivity
2013 120 60 3300 23100
2014 400 100 3500 49000
Based on your calculations, _? in physical capital per worker from 2013 to 2014 is associated with ? in labor productivity from 2013 to 2014.
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 fishing industry?
a. Encouraging saving by allowing workers to set aside a portion of their earnings in tax-free retirement accounts.
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. Imposing restrictions on foreign ownership of domestic capital

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 04:50

Problem 9-5. net present value and taxes [lo 1, 2] penguin productions is evaluating a film project. the president of penguin estimates that the film will cost $20,000,000 to produce. in its first year, the film is expected to generate $16,500,000 in net revenue, after which the film will be released to video. video is expected to generate $10,000,000 in net revenue in its first year, $2,500,000 in its second year, and $1,000,000 in its third year. for tax purposes, amortization of the cost of the film will be $12,000,000 in year 1 and $8,000,000 in year 2. the company’s tax rate is 35 percent, and the company requires a 12 percent rate of return on its films. required what is the net present value of the film project? to simplify, assume that all outlays to produce the film occur at time 0. should the company produce the film?

Answers: 2

Answer

Business, 22.06.2019 23:20

Nnette henri is paid an hourly wage of $8.90 for a 32-hour workweek of 4 days, 8 hours daily. for any work on the fifth day and on saturdays, she is paid one and one-half times her regular hourly rate. during a certain week, in addition to her regular 32 hours, henri worked 6 hours on the fifth day and 5 hours on saturday. for this workweek, henri’s total earnings are:

Answers: 1

Answer

Business, 23.06.2019 11:10

Which of the following statements best reflects a price-taking firm? price-taking firms maximize profits by charging a price above marginal cost. the firm can sell only a limited amount of output at the market price before the market price will fall. if the firm were to charge more than the going price, it would sell none of its goods. the firm has an incentive to charge less than the market price to earn higher revenue.

Answers: 3

Answer

Business, 23.06.2019 13:20

Use the drop-down menus to complete each sentence. according to the theories of friedrich august von hayek, the economy may be too complicated to think in terms . hayek believed was dangerous and could lead to severe inflation. milton friedman supported changes policy to influence economic growth.answers : aggregates; expansionary policy; monetary

Answers: 3

Answer

You know the right answer?

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

Questions