The term that describes the consisting of workers with a common set of skills who are joined together in a common assiciation, irrespective of where, or for whom, they work.

Q: There is growth in total factor productivity when more output is produced from the same factors of…

A: Total factor productivity means the part of output which is not explained by the factors of…

Q: How do companies usually set their wage rates when they commence operations in foreign countries?…

A: 1. The answer is - b. At, or slightly below, the prevailing wage for local companies.

Q: Labour relations is the term which refers the relationship between individual employees and…

A: Who is an employer? An employer is a person who hires people for a specific role in the…

Q: What is the importance of mobility of factors of production towards production

A: Factors of production are the major building blocks that are directly used as inputs in the…

Q: Suppose k​ = y​^1/2​, total factor productivity is constant and equal to​ 1, s​ = 0.40, and d​ =…

A: The condition for a steady rate of capital: dK=i dK=sy... (i=sy) Now, 0.10K=0.40K^0.5…

Q: The law of increasing opportunity cost arises because of the lack of labour mobility. Select one:…

A: Given that, The law of increasing opportunity cost arises, the reason is : The law of increasing…

Q: In 2006, Italy’s average labor compensation costs stated in U.S. dollars were $25.07 compared to…

A: The percentage change in the dollar is calculated below: Percentage Change in…

Q: explain the importance of production function and how can we enhance the productivity of a factor.

A: The production function is the mathematical function that shows the relationship between the input…

Q: Describe the labour's and worker's rights act pertaining to the healthcare system

A: In the healthcare system, the rights and the duties of the employees are limited to taking care and…

Q: Large-scale industries plays an important role in the development of the industrial sector. Come up…

A: Large scale industries help in the development of industries in the economy, which is essential for…

Q: re labor unions and technological improvements complementary? Why or why not?

A: Unions is formed to protect interest of labors.

Q: Find the average productivity of a factor when the total output is 1440 units and the total number…

A:

Q: ive importance of the small and cottage industry to overcome the severity of unemployment and…

A: Pakistan is a country in South Asia. It is the only country which was created in the name of Islam.…

Q: Labour relations is the term which refers the relationship between individual employees and…

A: The labor market refers to the market in which workers are demanded and supplied or in other words…

Q: Explain the Economic Function of the Entrepreneur

A: Economics studies how resources are allocated in a manner that most of the human wants are met. A…

Q: c) Suppose B = 0.5 and other factors are fixed, explain the percentage change in output due to a…

A: With given value of parameter, we have rewrite the production function. Y=AkaL0.5

Q: Galaxy, a multinational corporation, has two plants, one in the United States and the other in…

A: Cost minimization is a basic rule used by producers to determine the optimal number of factor of…

Q: Which of the following statements about labour productivity (Y/L), also known as the average product…

A: The productivity of labour plays an important role in the organization because it is the…

Q: Two types of cars (Deluxe and Limited) were produced by a car manufacturer last year. Quantities…

A: Given information There are two types of cars, i.e., Deluxe and Limited, produced by a car…

Q: Three employees processed 600 insurance policies last week. They worked 8 hours per day, 5 days per…

A: The Labor productivity is concerned with the volume of output produced by each employee in a given…

Q: Your boss, who loves geometry, is excited because he has heard that the company's new foreign branch…

A: When an organization wants to hire employees to make production activities, it uses different…

Q: The country of Mona includes an adult population of 50,000 people. Of those, 28,000 are working full…

A: Labor force is also known as work force. It includes both employed as well as unemployed workers who…

Q: In the USA, what percentage of total employment in SMEs have fewer than 20 employees? A. under 20%…

A: In the USA, the major part of the SMEs are having fewer then 20 employees. This accounts for around…

Q: Kinds of technical progress that relates to the way factors are combined together in the workplace,…

A: The technical progress perform may be a a part of a economics growth model that accounts for the…

Q: Who are gig workers? What labour practices can be adopted for gig workers working in gig economy?…

A: Gg workers are the workers involved in non standard income earning activities that are generally for…

Q: sector? Union membership steadily increased from 1900 to 2000. Military troops were used to prevent…

A: The number of union workers employed in the private sector has mainly been steady over the past…

Q: please discuss this statement “Thw technical pattern that statistically significant could be…

A: Statistical significance suggests that the variables considered are likely to have a causal…

Q: Which is considered a factor of production? Multiple Choice O service knowledge bonds competition

A: Factors of production:-  The factors of manufacturing refers to the materials that make up the…

Q: Suppose in T-country, some people would like to migrate to S-country. Those people who would like…

A: The Solow Growth Model is defined as a model of economic growth, which studies the changes in the…

Q: What is the similarity between Karl Max and Adam Smith in term of division of labour?

A: Smith  division of labor has been defined as the allocation of work and specialization with respect…

Q: According to existing general labor

A: New creation value created by worker in two pair of shoes are 6

Q: Suppose that there are 10,000 hours of labor available in Canada, and that 15 hour

A: 10000 hours of labor available in canada 15 hours of labor required to produce 1 unit of cotton 5…

Q: 66. Which of the following input factor takes risk, innovates and coordinates A. O Capital B. O…

A: Entrepreneurs takes risks in terms of finance, innovate new ideas, and coordinate with their own…

Q: Define the term, "human capital."

A: We all know that better education, advance training, skills and expertise gained through…

Q: Who are your manpower

A: It is advisable to retain a large number of staff in surplus in software service-oriented…

Q: Complete the table: Number of Workers per Day Concession Items Produced per Day   Average…

A: Average Product = Total ProductNumber of worker Marginal = Change in total Product change in…

Q: QUESTION 2 Suppose that an economy's production function is y-ALO.5g0.3y0.7, where Y is output, A is…

A:

Q: 1d.) Table) Based on the table, what is the output with seven workers? Total Product Labor MP АР 1…

A: Output is the total production produce by firm at a point of time here we can find the answer as…

Q: QUESTION 26 Which of the following has the highest level of integration? OA Aneconomic union B.…

A: An arrangement being made among nations that involve the elimination or reduction of trade barriers…

Q: What happens to marginal revenue productivity of a factor when there is an increase in unit of…

A: Marginal revenue productivity of factor refers to the addition of total revenue from the additional…

Q: Assume that the labour force is 20 workers, the capital stock is $4500, and output is $1550. If the…

A: Production function shows relationship between output and inputs. The given production function…

Q: Define the following •Unskilled labour **** **** Skilled labour ***** Semi-skilled labour

A: The firms tend to use various factor inputs, which are either variable, or fixed in nature. The…

Q: What are the different levels competition

A: There are four levels of competition.