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konstantin123 [22]
3 years ago
10

Skill-biased technological change ______ the demand for high-skilled workers, while the slowdown in the pace of educational adva

ncement reduces the supply of skilled workers, resulting in relatively _____ wages for skilled workers.
A - Increases; higher
B - Increases; lower
C - Decreases; higher
D - Decreases; lower
Business
2 answers:
ahrayia [7]3 years ago
5 0

Answer:

Increases; higher

Explanation:

Skill-Biased Technology Change can be referred to as a shift in the production technology that takes preference of high skilled labour or workers over unskilled labour or workers.

This is achieved by increasing its relative productivity and, therefore, its relative demand.

Also, human capital is the accumulated knowledge (from education and experience), skills, and expertise. When education advancement reduces human capital reduces which at the long run reduces the number of skilled labours.

If there's a reduction in the number of skilled labours, then firms and organisations will be willing to pay huge sum of keep their available skilled labour and to hire new ones.

allochka39001 [22]3 years ago
5 0

Answer: A.) Increases; Higher

Explanation: When the industry requirement need to boost or drive production and ultimately increase growth and revenue hinges towards the need for technological prowess which could most likely be offered by high skilled workers hence promoting and increasing demand for high-skilled workers, this is called Skill biased technological change.

Also, when there is relatively low number of skilled workers owed largely to the breakdown and lack of educational development. Hence, reducing the supply and number of skilled workers. The low supply will result in relatively HIGHER wages for skilled workers.

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Assume that the interest rate on borrowing in Japan is 1 percent, while the interest rate on deposits in Australian banks is 5 p
Svetllana [295]

Answer:

The correct answer is option is b.

Explanation:

Swing trade is a trading strategy where attempts are made to earn profit from the stocks in a span of a few days.  

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6 0
3 years ago
Smith Corporation makes and sells a single product called a Pod. Each Pod requires 3.0 direct labor-hours at $11.20 per direct l
nordsb [41]

Answer:

$792,960

Explanation:

Data provided

Number of pods = 23,600

Direct labor hours = 3

Direct Labor Rate per hour  = $11.20

The computation of Budgeted direct labor costs is shown below:-

Budgeted Direct labor Cost = Number of pods × Direct Labor Hours required per pod × Direct Labor Rate per hour

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3 0
3 years ago
Which of the following is most likely considered a weakness of present value models?
Lerok [7]

Answer:a

Explanation:

3 0
3 years ago
When Nestor's U.S.-based company purchased a manufacturing facility in China, the company decided to increase the output of the
lesya [120]

Aspect of business is being affected by culture is <u>production</u>.

<h3>What is production?</h3>

Production can be defined as the process of manufacturing or producing goods from raw material to finished products and it can as well be defined as the amount of goods or products manufactures at a particular period of time.

Hence, since the company want to increase output by introducing night shift and production will be affected if the worker refuse to work overnight hours as the output will reduce.

Learn more about production here:brainly.com/question/16755022

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2 years ago
The government's too-big-to-fail policy applies to: Group of answer choices large corporate payroll accounts held by some banks
gtnhenbr [62]

Answer:

large banks whose failure would start a widespread panic in the financial system.

Explanation:

A bank run can be defined as a situation where bank clients or depositors make withdrawals of their money simultaneously from banks as a result of being scared or afraid the depository institution will run out of cash (bankruptcy) and become insolvent.

In order to counter the problem with bank runs, the Federal Deposit Insurance Corporation (FDIC) was established on the 16th of June, 1933.

Furthermore, to avoid bank runs or other financial institutions from being insolvent, the Federal Reserve (Fed) and Central banks (lender of last resort) are readily accessible and available to give monetary funds to these institutions when they're running out of money and as well as regulate their activities.

Hence, the government's too-big-to-fail policy applies to large banks whose failure would start a widespread panic in the financial system.

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