Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
theroyalty theroyalty
wrote...
Go to Answer
Posts: 143
Rep: 0 0
A year ago
Scenario: Tree Country has a population of 18,000 people, of whom two-thirds are part of the workforce. The country's only asset is wood, where K = 18,000. The country only produces wooden furniture. In the figure below, Y stands for GDP, and H equals efficiency units of labor.




Refer to the scenario above. Which of the following is likely to reduce the total efficiency units of labor in Tree Country?

▸ A loss of technology used in production

▸ An earthquake that kills a number of people

▸ A global boom that increases labor demand

▸ A decrease in the price of capital
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
Read 28 times
1 Reply
Replies
Answer verified by a subject expert
shadowblacwshadowblacw
wrote...
#1
Posts: 128
Rep: 1 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

theroyalty Author
wrote...

A year ago
Thanks
jaray75
wrote...

Yesterday
this is exactly what I needed
macbookpro1
wrote...

2 hours ago
Smart ... Thanks!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1001 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 336
  
 334
  
 4128
Your Opinion
Who's your favorite biologist?
Votes: 586
Previous poll results: Do you trust social media networks with protecting your privacy?