If companies want to encourage people to stay in the workforce as they age, they can create jobs that involve more use of labor and less use of younger.
As an individual gets older their tendency and stamina to do more physical labor get decreases. They tend to perform under par as compared to the comparatively younger individuals.
As people age off, companies need to create jobs that require more skills that only an experienced and .wise individual can perform. Jobs that require more than mental and analytical skills should be preferred more for aged individuals.
The companies should also look to make use of the experience of their employees by making them mentors for young age employees.
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Answer: (1) 120,675
(2) 60,450
Explanation:
(1) Nominal GDP, year 2 ($) = Sum of (Year 2 price × Year 2 quantity)
= 150 × 4.50 + 1,200 × 100
= 675 + 120,000
= 120,675
(2) Real GDP, year 2 ($) = Sum of (Year 1 price x Year 2 quantity)
= 3 × 150 + 50 × 1200
= 450 + 60,000
= 60,450
A) Elementary school
Elementary (primary) grades run from kindergarten to 5th grade and sometimes 6th.
Answer:
a. Marketopia has a comparative advantage in the production of pies.
Explanation:
The computation is shown below
As we know that the comparative advantage principle refers that the firm which has less opportunity cost in the production of a good should generate that specific good and specalize according to this
Now
for Marketopia
The opportunity cost of cookies is 18 by 30 pies = 0.6 pies
The opportunity cost of pies are 30 by 18 cookies = 1.67 cookies
For Ecolandia
The opportunity cost of cookies is 9 by 90 = 0.1 pies
The opportunity cost of pies is 90 by 9 = 10 cookies
We can see that Econlandia has the comparative advantage in cookies while on the other hand the marketopia has the comparative advantage in pies
Therefore the correct option is a.
Answer:
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