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1393AFE Economics For Decision Making  

Pages : 2 | Type : Essay

Questions: 1. Do you think labor markets benefit from technology and innovations?2. What are your thoughts on this when considering disruptive technology and innovation?   Answers: 1.While technology creates unemployment, its benefits in the labor market outshine the demerits. Technology and innovations benefit the job structure of the economy through the continued modification of the labor market (Chesbrough, 2010). For exam...

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userWritten By : Mark     postPosted On : Jan 11, 2019     downloadDownload : 0
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1393AFE Economics For Decision Making 1  

Pages : 8 | Type : Essay

Answers:- 1.a) Underemployed are those person in the labor force who are presently employed into a job, however, the person is underutilized. Contrary to this, marginal attachments refers to those person, who do not provide any active participation in the labor force, however they are deliberately looking for work in the coming days (Neff, 2017). Thus, underemployed people can be treated as employed, however the marginal attachment workers will ...

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userWritten By : Mark     postPosted On : Sep 28, 2020     downloadDownload : 0

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1393AFE Economics For Decision Making 1  

Pages : 7 | Type : Essay

Answers: 1. a. A PPC  (Rittenburg & Tregarthen) is bowed out due to increasing opportunity costs of producing a good. Consider X and Y. This means that to produce more of X we must reduce Y as our resources are fixed. We have to move from point A to B. To produce 1 more X, we have to pull out resources ( like labor ) from Y and put them into factories for X. We reduce Y as shown by red line as we move from A to B to get 1 more...

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userWritten By : Mark     postPosted On : Sep 16, 2021     downloadDownload : 0

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