Consider the interaction between labor and capital within the production process and answer the following questions.

How do economists refer to the amount of capital employed per worker?
a. capital productivity
b. the capital stock
c. the human capital percentage
d. the capital‑labor ratio

What would likely happen if the amount of capital employed per worker grew?
a. Wages would fall because capital would be more important in production.
b. Wages would fall because physical capital would replace human capital.
c. Wages would be unchanged because wages are unaffected by the quantity of capital.
d. Wages would rise because workers would become more productive.

Answers

Answer 1

Answer:

d. the capital‑labor ratio

d. Wages would rise because workers would become more productive.

Explanation:

The capital stock is the amount of capital available in the economy. Dividing this by the number of workers produces the capital‑labor ratio.

Labor productivity is output divided by the number of workers (or labor hours, or some other measure of the use of labor). If labor productivity rises, workers are more valuable to employers and wages should rise.

As one factor grows relative to another, the faster‑growing factor's marginal productivity tends to go down relative to the slower‑growing factor's marginal productivity.

Labor productivity can grow because labor has more capital to use (that is, the capital‑labor ratio grows), or because workers have newly acquired skills and know‑how. This is known as human capital. Technological advances can also make labor more productive. All of these are important factors in economic growth.


Related Questions

In a sentence provide a definition for each of the terms below. 1. stalemate 2. demilitarized zone 3. containment 4. censure 5. perjury 6. subversion 7. blacklist 8. airlift 9. inflation 10. iron curtain 11. Cold War 12. closed shop
pls help

Answers

The meanings of the words are given below.

1. Stalemate is a drawn contest.

2. Demilitarized zone is an area, agreed upon between the parties to an armed conflict, which cannot be occupied or used for military purposes by any party to the conflict.

3. Containment is the action of keeping something harmful under control or within limits.

4. Censure expresses severe disapproval of (someone or something), especially in a formal statement.

5. Perjury is the offence of wilfully telling an untruth or making a misrepresentation under oath.

6. Subversion refers to the undermining of the power and authority of an established system or institution.

7. Blacklist is a list of banned or excluded things of disreputable character.

8. Airlift is a system of transporting cargo or passengers by aircraft often to or from an otherwise inaccessible area.

9. Inflation is a hypothetical extremely brief period of very rapid expansion of the universe immediately following the big bang

10. Iron curtain is a political, military, and ideological barrier that cuts off and isolates an area

11. Cold War is a conflict over ideological differences carried on by methods short of sustained overt military action and usually without breaking off diplomatic relations

12. Closed shop is an establishment in which the employer by agreement hires only union members in good standing.

Semantics

It is the study of meanings. The dictionary or conceptual meaning is the denotative meaning.

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Please use the graph to answer the given questions. Assume the people act rationally.

1. Which of the statements best describes a situation represented by point A?
a. Wayne projects that if he takes out a loan to open another gym franchise, he will earn a lower return than the interest rate he would have to pay, so he decides against it.
b. Jeff agrees to lend money to his brother, who plans to use the funds to open a shoe store.
c. Janine predicts that, if she borrows to expand operations, she will earn a rate of profit higher than the interest rate of the loan. So, she decides to take out the loan.
d. Carly decides against purchasing a corporate bond because she has another investment opportunity that returns 14%.

2. Given the market conditions, what will be the prevailing interest rate?
a. 14%
b. 2%
c. 18%
d. 6%
e. 10%

3. Given the market conditions, how much will be available in loanable funds?
a. $70 billion
b. $10 billion
c. $90 billion
d. $30 billion
e. $50 billion

Answers

Answer:

a. Wayne projects that if he takes out a loan to open another gym franchise, he will earn a lower return than the interest rate he would have to pay, so he decides against it.

e. 10%

e. $50 billion

Explanation:

Point A represents a situation in which projects that promise a rate of return lower than the prevailing interest rate will not be funded.

Since Wayne's expansion of his gym franchise promises a return which is lower than the interest rate he would have to pay, he will not choose to expand. This scenario aligns with point A. Each of the three remaining scenarios also correspond to a quadrant on the graph.

Janine decides to take out a loan and expand because she projects a rate of return higher than the interest rate, represented by the demand curve above equilibrium (the upper left).

Jeff providing a loan to his brother indicates that the expected return is higher than the interest rate the brother will be paying Jeff. Jeff's situation is represented by the supply curve below equilibrium (the lower left). Recall that for supply/demand graphs, the area below the demand curve and above the supply curve to the left of the equilibrium point is total surplus because exchanges are being made between the buyers and sellers.

Lastly, Carly deciding whether or not to purchase a corporate bond is equivalent to her deciding whether or not to provide a loan to the corporation issuing the bond. Her decision not to buy is due to her unwillingness to accept an interest rate below 14%, and thus she is represented by the supply curve above equilibrium (the upper right).

The market for loanable funds operates much as a normal supply and demand model, with the interest rate on the vertical axis (the price of borrowing) and quantity of loanable funds on the horizontal axis. In order to determine the market interest rate and quantity of available loanable funds, you must find the equilibrium point for the market supply and demand curves. Using the information presented in the graph, you can see that the prevailing market interest rate is 10% and there are $50 billion in loans made.

1. a. Wayne projects that if he takes a loan to open another gym franchise, he will earn  lower return than the interest rate he would have to pay, he decides against it.

2. e. 10%

3. e. $50 billion

What is the situation represented by the graph?

Projects that guarantee a return that is less than the going interest rate won't be funded, as shown by Point A.

Wayne won't decide to expand his gym chain since the return it promised is less than the loan rate he would have to pay. This situation fits point A. The graph's remaining three situations are similarly each represented by a quadrant.

Because Janine anticipates a rate of return greater than the interest rate, which is indicated by the demand curve above equilibrium, she decides to take out a loan and grow (the upper left).

The market for loanable funds functions similarly to a standard supply and demand model, with the quantity of loanable funds on the horizontal axis and the interest rate on the vertical axis (the cost of borrowing). You must locate the equilibrium point for the market supply and demand curves in order to ascertain the market interest rate and the amount of loanable funds that are readily available.

You can see from the graph's data that there are $50 billion in loans made and a market interest rate of 10% is currently in effect.

Hence, the appropriate responses are option a, option e, option e respectively.

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Theodosius left a will instructing the Romans to do what after his death?

Answers

Answer:

He decided to have the Roman Empire divided.

Explanation:

The boundary between the Pacific Plate and the Australian Plate is a transform boundary. What event is likely to occur at this boundary?

Answers

Answer:

seafloor spreading

Explanation:

For the U.S. government, which of the given is NOT an example of discretionary spending?
a. Medicare
b. defense spending
c. science spending
d. Medicaid

For the U.S. government, which of the given is NOT an example of mandatory spending?
a. education spending
b. interest on the national debt
c. Social Security
d. Medicare

Which type of spending currently takes up a larger proportion of the U.S. federal budget?
a. Mandatory spending and discretionary spending take up an equal amount.
b. mandatory spending
c. discretionary spending

Answers

Answer:

- Medicare

- Education spending

- Mandatorym spending

Explanation:

Discretionary spending is subject to an annual appropriation process by Congress. In contrast, mandatory spending is authorized by permanent laws and therefore can not be easily changed.

The answer to the first question is that Medicare is not a type of discretionary spending. Medicare is a type of mandatory spending. Discretionary spending includes defense, science, income security (including Medicaid), transportation, environment, education, veterans' benefits and services, etc.

The answer to the second question is that education spending is not a type of mandatory spending. Spending on education is a type of discretionary spending. Mandatory spending includes Medicare, Social Security, interest on the national debt, food stamps, TANF (temporary assistance for needy families), etc.

The answer to the last question is that the majority of the budget is spent on mandatory spending items. Mandatory spending accounts for about 60%, whereas discretionary spending accounts for about 40%.

Lilliput is a country that has closed borders and does not import or export any goods or services; hence, they do not worry about trade with other countries.

Total spending for the federal government of Lilliput for the last fiscal year was $24.19 billion. The country collected $22.9 billion in taxes during this same fiscal year. Assume government transfers were zero.

Based on this information, what is Lilliput's budget balance? Enter your answer to two decimal places.
budget balance: $_____________ billion

In the last fiscal year, Lilliput was running
a. a balanced budget
b. a budget deficit
c. a budget surplus

Answers

Answer:

$ -1.29 billion
b. a budget deficit

Explanation:

Subtracting Lilliput's federal revenues (taxes equaling $22.9 billion) from spending (expenditures equaling $24.19 billion) gives

federal revenue − federal spending − federal transfer payments = $22.9 billion − $24.19 billion = −1.29 billion

When tax revenue exceeds government spending, there is a budget surplus. When spending exceeds taxes, the country runs a budget deficit. When spending is equal to tax revenue, the budget is said to be balanced.

In this case, there is a budget deficit.

Suggest a way to produce skilled human resource in your school,​

Answers

Answer: Some of the measures to produce skilled human resources in the country are:-

Providing practical and quality education to all.

Developing technical and vocational education system according to the need of the country.

Updating knowledge with developed information technology.

Formulating scientific education policy as per the demand of time.

By applying these measures a country can produce skilled human resources to utilize the natural means and resources for the development.

I hope this answer helped you! ^-^

Explanation:

Consider the information about the economy of Pakistan. Note that the currency of Pakistan is the rupee.

The government purchases: 2.60 trillions of rupees.
Individuals consume: 11.50 trillions of rupees.
Individuals save: 5.54 trillions of rupees.
Businesses invest: 1.35 trillions of rupees.
Foreigners spend: 0.57 trillions of rupees to purchase Pakistani firms.
Pakistan imports: 2.00 trillions of rupees.
Pakistan exports: 1.24 trillions of rupees.

Calculate Pakistan's GDP. Assume that the values are all current and no conversions need to be made. Give your answer in terms of trillions of rupees, and round to two decimals.

Pakistan's GDP: ___________________ trillions of rupees

Answers

Answer:

Pakistan's GDP = 14.69 trillions of rupees

Explanation:

Gross domestic product is the total value of all final goods and services produced in a country. In this question, savings and foreign purchases of businesses were distractors. Since GDP is a measure of the production of an economy, you only include final goods and services. While savings and foreign investment are important to any economy, they are not final goods and services.

Pakistan's GDP = Individual consumption + Businesses invest + Government purchases + Net exports

Pakistan's GDP = 11.50 + 1.35 + 2.60 + (1.24 - 2.00)

Pakistan's GDP = 11.50 + 1.35 + 2.60 - 0.76

Pakistan's GDP = 14.69 trillions of rupees

South World has a total debt of $10 million and an annual GDP of $5 million. It currently pays 4% interest on its debt every year. What percentage of annual GDP does interest on the debt represent?

4%

50%

15%

8%

Answers

The annual interest on the $10 million debt is,

$10 million x 0.04 = $400,000

$400,000/$5,000,000 = 0.08

$400,000 is 8% of the annual GDP of $5 million

What do the 20 towns that Saleemul Huq plan have in common

Answers

Answer:They have at least 1 million residents

Explanation:

The 20 towns that the Saleemul Huq plan has in common is the approximate population that was present in that region.

What is Saleemul Huq's plan?

The Least Developed Countries' participation in the United Nations Framework Conference on Climate Change is now being supported. He is looking into the effects of adaptation strategies and how vulnerable countries with little development are to climate change.

About 20 subsidiary towns across the nation with a present count of around 500,000 could each take in another 500,000 migrants and a program is being developed to transform these secondary places into climate-resilient, immigrant-friendly communities. This was the most common thing that was presented in the region of these 20 towns under the plan.

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Which of the following is not a program managed as part of fiscal policy?

Corporate taxes

Unemployment benefits

Social Security

Mortgage rates

Answers

Mortgage rates

Fiscal policy refers to changes in government spending and taxation designed to affect aggregate expenditure. As Social Security, unemployment benefits, and corporate taxes all impact overall spending, they can be utilized as part of fiscal policy. Monetary policy refers to actions by the central bank to manipulate the money supply and thereby control interest rates. Mortgage rates is that’s affected by monetary policy, not fiscal policy.


Monopolies are usually harmful to economies because they:

Answers

D. Because if they own everything, they can jack up prices

…Need help please?

Subject: Economic

Answers

Answer:

C. Managing inflation

Explanation:

✓  Open market operations are the key means by which a central bank controls inflation, money supply, and prices.

✓  Hopefully this helps you!

wishing you a amazing day! ・゚★,。・

-Keira :)

Answer:

It is determining tax rates, but also preventing recession.

Explanation:

Central banks are responsible for overseeing the monetary system for a nation (or group of nations), along with a wide range of other responsibilities, from overseeing monetary policy to implementing specific goals such as currency stability, low inflation, and full employment.

The Federal Reserve acts as the U.S. central bank, and in that role performs three primary functions: maintaining an effective, reliable payment system; supervising and regulating bank operations; and establishing monetary policies.

Classify the events according to their impact on aggregate demand (AD).

1. A dramatic decline in the average price of houses will _____________.
2. Increased concern that a recession is looming will _____________.
3. An announcement by the central bank to maintain its existing monetary policy will _____________.
4. A reduction in government spending will _____________.
5. A dramatic improvement in the stock market, causing investors' wealth to rise, will _____________.
6. A recession occurring in a trading partner's economy will _____________.
7. An increase in income tax rates on individuals earning more than $450,000 per year will _____________.

WORD BANK
not change AD.
increase AD.
decrease AD.

Answers

Answer:

1. decrease AD.

2. decrease AD.

3. not change AD.

4. decrease AD.

5. increase AD.

6. decrease AD.

7. decrease AD.

Explanation:

Aggregate demand (AD) measures the total amount of spending that occurs in an economy and can be segmented into consumption spending, government spending, investment spending, and net exports. A key principle in this example is that AD increases when there are increases to any of these individual components of AD and decreases when the individual components decrease.

Several of the events in this example describe direct changes in the components of AD:

    - A reduction in government spending leads to a decline in AD as it is associated with fewer goods and services being purchased.

    - An increase in tax rates reduces disposable income and therefore causes consumption spending to decline.

    - When recessions occur abroad, foreigners purchase fewer imported items. (e.g., a recession in Europe means that American firms will export less to Europe.) Thus, net exports decline as trading partners experience recessions, which causes AD to fall.

    - Consumer confidence also impacts spending in that people are more inclined to make purchases when feeling optimistic and more inclined to save when feeling concerned about the economy.

    - Wealth is another factor that affects AD. People buy more goods and services when they have more wealth and vice versa. Therefore, an increase in wealth associated with rising stock prices increases AD, whereas falling wealth from declining housing prices reduces AD.

    - Changes in the money supply also can lead to AD shifts. When the money supply grows more rapidly, there are increases in spending and the AD shifts to the right, and vice versa. In this example, growth in the money supply is said to be stable, implying that AD will neither increase nor decrease.

How does a resource change if it is considered to be scarce?

Answers

Answer:

Explanation:

Because the more resources a company or someone wants it will eventally be limited or run out, as you used up all the resources.

Classify each example as either relating to human capital, physical capital, or technology.

- An increase in adult literacy affects
- An increase in the number of company cars impacts
- An increase in the number of college graduates impacts
- New distribution techniques affect
- An increase in the number of company computers affects
- More people graduating from culinary school affects
- A new cancer treatment affects
- A doctor's knowledge about a new cancer treatment affects

WORD BANK
physical capital.
human capital.
technology.

Answers

Answer:

1. human capital.

2. physical capital.

3. human capital.

4. technology.

5. physical capital.

6. human capital.

7. technology.

8. human capital.

Explanation:

Human capital refers to the knowledge, skills, experiences, capabilities acquired by an individual inorder to the productivity. Physical capital refers to those inputs that contribute in the production process. It basically means the factors of production like land, building, machinery, etc. Technology refers to research, innovations and development. In other words, it means innovating something new.

Human capital is the knowledge and ability that workers have that allow them to perform their job or to perform it better. Some examples of human capital are the knowledge obtained through various types of education and training as in the case of more college graduates, individuals going to culinary school, adult literacy, and doctors learning about a new way to treat cancer.

Physical capital consists of those physical resources that are used in production but that are not inputs in production. Examples of these are company computers and company cars that presumably enhance workers' ability to perform their tasks.

Technology consists of the processes by which capital is employed in the production process. For example, improvements in a distribution process or in cancer treatments are both examples of technologies.

Suppose a country is projecting a deficit of $20 million next year. Which of the following events would add most to the debt?


an increase in the deficit of $500,000

a 3% rise in the interest rate

an increase in tax revenues of $600,000

all of the above would increase the debt by the same amount

Answers

A 3% rise in the interest rate

A 3% increase in the interest rate would add $600,000 to the deficit and thus to the debt. This exceeds a $500,000 increase in the deficit, while tax revenues would decrease, not increase, the debt.

One of the key underpinnings of public choice analysis is the assumption that politicians and bureaucrats

make political decisions based on self‑interest, just as individuals and firms do.

make political decisions based primarily on benefiting future generations.

seek only to maximize long term economic growth through increasing GDP.

act not out of self‑interest but desire to increase the general utility of the public.

Answers

Answer:

a. make political decisions based on self‑interest, just as individuals and firms do.

Explanation:

Public choice analysis is the combination of political science and economics and analyzes political decision making. One key assumption of public choice theory is that politicians are rational, self‑interested, economic agents. Like all other economic agents, they make decisions based on their own self‑interest (specifically, to satisfy constituents and retain their positions). It leads to rise of interest groups, logrolling and rent seeking behavior from the politicians and bureaucrats which leads to inefficiency.

Explain the difference between a mixed market economy and a mixed command economy

Answers

Answer: Difference between Command Economy System and Mixed Economy System
The economic system is fully controlled by the government, while the economic system is controlled by the private sector and the government.



I hope this help

HELP ASAP-WILL GIVE BRAINLIEST-NO FILES
How did voting in ancient Rome change over time?

A. Citizens started to vote on what was best for the whole of the Roman Empire.

B. Citizens only voted for what was best for the community

C. Citizens were required to vote based on the needs of others and not themselves.

D. Citizens began to vote based on self interest or what was best for themselves.​

Answers

Answer:

D

Explanation:

what is the most serious threat to biodiversity

Answers

Answer: Climate change was ranked as a 6% risk to Earth's biodiversity. WWF's Living Planet Report 2020 has ranked the biggest threats to Earth's biodiversity. The list includes climate change, changes in land and sea use and pollution. The WWF used data from over 4,000 different species.


Explanation:

I hope that that’s the answer you were looking for

Why might some african countries use a European language as "trade language”?

Answers

They answer is because they are forced to.

It is a more common language. The country is still a colony.

Hope this helps :)

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This is a massive ball of plasma that shines because of thermonuclear fusion

Answers

Answer:

star

Explanation:

huge ball of ionized gas (plasma) producing energy (light) by nuclear fusion. The visible surface of the sun (photosphere) is ~5700K. An object at this temperature emits most of its. energy as visible light

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When members of a family system are over involved with each other's affairs and are over concerned with the details of each other's lives, they are said to be:

Answers

An enmeshed family is a kind of family system where family members are usually involved with each other's affairs.

What is an enmeshed family ?

An enmeshed family serves as the type of the family system that are mote concerned about the affairs and well being of each other.

Therefore, enmeshed family usually look out for each other and care about each other.

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Philosophy of Mind studies only the brain and
how it affects the body and the outside physical
world.
O True
False

Answers

Philosophy of mind is the philosophical study of the nature of the mind, mental events, mental functions, mental properties, and consciousness, and of the nature of their relationship with the physical body: the so-called mind-body problem.

No, the philosophy of Mind does not studies only the brain and how it affects the body and the outside physical world. So, the correct answer is False

A subfield of philosophy called philosophy of mind investigates the nature and ontology of the mind as well as how it interacts with the body. The hard problem of consciousness and the nature of particular mental states are addressed, but the mind-body dilemma is a paradigmatic topic in philosophy of mind. The mind's ontology, the nature of cognition and thought, and the connection between the mind and body are some of the aspects of the mind that are being explored. Other aspects of the mind that are being examined are mental events, mental functions, and mental qualities.

The brain is not the only element that is explored in the philosophy of mind, but it is unquestionably a significant component.

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What is the capital of New Mexico? (3 points)

a
Santa Fe

b
Salem

c
Austin

d
Juneau

Answers

the capital of new Mexico is

Explanation:

Santa Fe

Answer:

What is the capital of New Mexico?

Explanation:

Santa Fe

High Power Distance Index countries are more egalitarian than low Power Distance Index countries. Group of answer choices True False

Answers

It is a false statement that the High Power Distance Index countries are more egalitarian than low Power Distance Index countries.

What is the difference between the two countries?

A High Power Distance country have a culture that gives great deference to a person of authority while the Low Power Distance country have a culture that values the equal treatment of everyone.

Hence, it is false that the High Power Distance Index countries are more egalitarian than low Power Distance Index countries because both country priotize people having a equal rights and opportunities.

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Select all the correct answers.
What are two reasons why the US government sent expeditions into the Louisiana Territory in the 1800s?
The government wanted to learn about the strength of the French military in the area.
A: At that time, many Americans traveled there to search for gold and precious stones.
B: At that time, Americans knew very little about the geography of the area.
C: The government wanted to establish friendly ties with American Indians there.
D: The government wanted to prepare for a coming war against Great Britain.

Answers

Answer:

B. I do not know the second one

Explanation:

it makes sense that americans knew very little about the area at the time since they had just bought the territory

what do you do to protect the heritage in your community? write any one activity.​

Answers

Answer:

creating public awareness among the people about the importance Heritage.

"prevention is better than cure"Justify the statement.in long ​

Answers

Prevention is better than cure because it saves us from the harm of curing through medicines. Prevention is a safe way to remain away from any problem. We just need to maintain a healthy and disciplined lifestyle all through life. Whereas, our carelessness lead us to cure using medicines or other treatments. Cure cannot cure us completely however prevention keeps us away from danger and maintains normal health.

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