How do increases in labor skills affect labor pro ductivity? Give an example.
Answer to relevant QuestionsIn 2010, the economy's resource base consists of 10 laborers and a capital stock of $50. Its capital output ratio is 2. In 2011, its capital stock increases to $75, while the number of laborers and capital output ratio ...Are Visa and MasterCard part of M1? Why or why not? What is the significance of calling the deposits you make in your checking account demand deposits? The Federal Reserve System was designed as a decentralized central bank. Why? How do classical economists explain unemployment?
Post your question