The assumption that technological progress increases the efficiency of labor is called:
a. the efficiency-wage model of economic growth.
b. labor-augmenting technological progress.
c. endogenous technological progress.
d. the Golden Rule model of economic growth. PreviousNext
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The assumption that technological progress increases the efficiency of labor is called: a. the efficiency-wage model of economic growth. b. ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Which is typical relationship between time and interest rate
Answers (1)
Corrington Manufacturing Company prepared a fixed budget of 80,000 direct labor hours, with estimated overhead costs of $400,000 for variable overhead and $120,000 for fixed o verhead. Corrington then prepared a flexible budget at 78,000 labor hours.
Answers (1)
Blossom Company has had 4 years of record earnings. Due to this success, the market price of its 370,000 shares of $2 par value common stock has increased from $15 per share to $51. During this period, paid-in capital remained the same at $2,220,000.
Answers (1)
Which of the following is a subjective-rather than an objective-factor that colleges might evaluate when looking at your application?
Answers (1)
An extremely important use of reports of actual results versus budget projections is:
Answers (1)
New Questions in Business
Suppose that M = 300, P = 100, and Y = 6. Then the velocity of circulation equals Select one: a. 2.00. b. 3.00. c. 50 d. 0.50. e. 0.02.
Answers (1)
Suppose that today, the current yield for a corporate bond is 4.3%. If the market price goes up by 11% tomorrow, compute the current yield after the increase.
Answers (1)
Determine the future amount if $240,000 is to be received 5 years from today, at 10 percent annual interest.
Answers (1)
Wickland Company installs a manufacturing machine in its production facility at the beginning of the year at a cost of $87,000. The machine's useful life is estimated to be 5 years, or 400,000 units of product, with a $7,000 salvage value.
Answers (1)
Tirri Corporation has provided the following information: Cost per UnitCost per Period Direct materials$7.35 Direct labor$3.55 Variable manufacturing overhead$1.40 Fixed manufacturing overhead $24,100 Sales commissions$1.
Answers (1)