Answer to: Explain how the following relates to economic growth: Education. By signing up, you'll get thousands of step-by-step solutions to your...
Economic Growth, Productivity & Policy from Chapter 62/ Lesson 1 3.1K Periods of economic growth are those in which people are working and spending more and moving the economy toward its full potential output. Explore how economic productivity leads to growth, and how monetar...
According to them, banking systems are the result of political struggles (“bank bargains”) between government, voters, and interest groups. TheGame of Bank Bargainsdetermines the rules that define how banks are regulated, how they are chartered, and how they interact with the state. These outc...
To fit the SO2observations, each metabolism must be in the SO2-limiting regime, and thus the abundances of the other limiting metabolic inputs must be increased from the fiducial (and observationally constrained) surface boundary conditions. Figure1demonstrates how, for each metabolic pathway, the ...
An example of diminishing marginal productivity is related to the labor costs for manufacturing a car. It is more immediately profitable to lay off 10% of the manufacturing staff, and the manufacturing line may make do with the remaining resources for the first few vehicles. However, after a...
Explain how to determine a net competitive advantage or disadvantage of a company. Explain how labour productivity is determined. In your answer address why human capital is considered to be so vital to lifting labour productivity levels. To illustrate your understanding provide...
Economic growth refers to an enlargement in the manufacturing of economic commodities or services within an economy over a specified period. An increase in job opportunities or an increase in infrastructure development, such as roads, is a sign of economic gro...
How can businesses increase employee productivity? How can a training function support a business strategy? Explain your rationale. Explain the advantages of encouraging employee participation in budget setting. What are some ways that a supervisor can contribute to employee success?
Explain how the following relates to economic growth: Labor productivity. How can labor productivity be increased? A. Explain the role labor productivity plays in wage determination in the competitive labor market. B. If productivity increases, what happens to wages and why?
If computers become more simple to operate, how will this affect the demand for personal computers? Explain.Computer Market:The computer market is very decentralized. The processing chips are produced in one country, the plastic container is produced in another,...