Answer:
Answer for the question:
Assume that the hypothetical economy of Molpol has 8 workers in year 1, each working 1,200 hours per year (40 weeks at 30 hours per week). The total input of labor is 9,600 hours. Productivity (average real output per hour of work) is $10 per worker
Instructions: In parts a and b, round your answers to the nearest whole number. In part c, round your answer to 2 decimal places.
a. What is real GDP in Molpol? Suppose work hours rise by 2 percent to 9,792 hours per year and labor productivity rises by 5 percent to $10.5
b. In year 2, what will be Molpol's real GDP?
c. Between year 1 and year 2, what will be Molpol's rate of economic growth? percent
Is given in the attachment.
Explanation:
The first world welfare superpower was Japan.
Answer:
The correct answer is option c.
Explanation:
Autarky can be defined as a situation where a nation is self-sufficient and does not trade internationally. Consumer surplus is the difference between the maximum price a consumer is willing to pay and the price he actually has to pay.
In the case of autarky, the consumer surplus id the area below the demand curve and above the equilibrium price. The producer surplus is the area above the supply curve and below the equilibrium price.
Answer:
encouraging their participation in the decision making process.
Explanation:
There are several theories about how to overcome employees' resistance to change, and most of them have certain concepts in common:
- encourage employee participation in the process
- set challenging but achievable goals
- try to solve conflicts quickly as soon as they arise
- be positive about the changes
- stimulate teamwork
- be a leader
Whenever changes occur, at home or at work, everyone feels better if their opinions and ideas are considered during the process.
