Exploring Economics
8th Edition
ISBN: 9781544336329
Author: Robert L. Sexton
Publisher: SAGE Publications, Inc
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Question
Chapter 20, Problem 9P
To determine
(a)
To explain:
Whether on-the-job experience would improve the productivity of labor and will lead to
To determine
(b)
To explain:
Whether vocational school would improve the productivity of labour and will lead to economic growth.
To determine
(c)
To explain:
Whether a decrease in the amount of capital per worker would improve the productivity of labour and will lead to economic growth.
To determine
(d)
To explain:
Whether improvement in the management of resources would improve the productivity of labour and will lead to economic growth.
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Check out a sample textbook solutionStudents have asked these similar questions
Which of the following would not affect labor productivity, i.e. more output per unit of labor hour?
Select one:
a. When interest rates decrease and government spending increase.
b. when labor is reallocated from less-efficient industries to more-efficient industries.
c. when production is better organized and managed
d. technological progress
e. the health, training, education, and motivation of workers improve
f. the quantity of capital goods available to workers
Under what circumstances does labor productivity grow?
Why does an increase in the labor force cause the Market Productivity of Capital to increase?
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