ECON1020 Tutorial 2 Long-Run Economic Growth Chapters 5 & 6 Submission due 6am‚ Monday 23rd of March. Question 1 If we boost productivity‚ we can improve economic growth Tony Abbott (Australian Prime Minister) (a) What is labour productivity? (b) Assuming Mr Abbott was talking about labour productivity‚ discuss this meaning of this quote. Do you agree with it? (c) According to the economic growth model presented in the textbook‚ what are the two key factors which determine labour productivity?
Premium Higgs boson Economic growth Elementary particle
Do you know how many children run away from home every year? According to societyandculture.com "Every year‚ more than one million children in the U.S. run away from home. Kids as young as 10 are among the one in seven who leave their homes‚ although most runaways are between 15 and 17". From these statistics‚ I am beginning to wonder why this happens every year and it seems it isn’t stopping anytime soon. In a complicated society‚ not all families are the same. Children are affected by their family
Free Mother Father Domestic violence
Explain the aggregate supply in the short run. In the short-run‚ the aggregate supply curve is upward sloping. There are two main reasons why the quantity supplied increases as the price rises: 1. In the short-run‚ the nominal wage rate is fixed. As a result‚ an increasing price indicates higher profits that justify the expansion of output. 2. An alternate model explains that the AS curve increases because some nominal input prices are fixed in the short-run and as output rises‚ more production processes
Premium Inflation Central bank Monetary policy
ways‚ but how would we even be succesful in this without having any idea on how to approach these types of situations. Dana persuades his audience by warning them by pulling out real life problems the decline of literature can have on us in the long run‚ “The decline of literary reading foreshadows serious long-term social and economic problems‚ -- but addressing the issue will require the leadership of politicians and the buisness community as well…”. Giving real life proof to the reader on what could
Premium Literature Writing Fiction
FEEDBACK SHEET Dry Run Units Unit 13: Recruitment and selection in business Task 3: Planning for the Selection Interview Student Name Haseeb Darr Assessment Criteria Feedback And Actions P3 Prepare the documents used in selection and recruitment activities P4 Plan to take part in a selection interview You should produce the following documentation for the vacancy of Barista in Starbucks. Job advert Job description Person specification Produce a plan of an interview process for
Premium Interview Recruitment Psychometrics
A fear of democracy runs throughout liberalism The relationship between Liberalism and democracy can summed up by Winston Churchill’s famous remark‚ "...democracy is the worst form of Government except all those other forms..." A fear of democracy does runs throughout 19th centrury liberals due to many reasons‚ one of them being their fear of collective power. On the other hand by the 20th century Democracy became more accepted in liberalism and the fear of democracy no longer remained. Plato
Premium Democracy Political philosophy Liberalism
Sometimes‚ people can seem mad or even mean for reasons you may not know or understand. Even people who act like this constantly can deep down sometimes be nice and have a reason for their regular meanness. A story by Toni Cade Bambara called “Raymond’s Run” features a girl called Hazel ‚known as Squeaky‚ who appears sassy and hostile. The only thing she thinks that are worthwhile in her life are her brother Raymond and her life as a runner. If anyone tries to hurt Raymond‚ she would rather knock you down
Premium Thought Race Thing
Quick Quiz: If Boeing produces 9 jets per month‚ its long-run total cost is $9.0 million per month. If it produces 10 jet pre month‚ it long-run total cost $9.5 million per month. Does Boeing exhibit economies or diseconomies of scale? * The long-run average total cost of producing 9 planes is $9 million /9 = $1 million. The long-run average total cost of producing10 planes is $9.5 million / 10 =$0.95 million. Since the long-run average total cost declines as the number of planes increases‚ Boeing
Free Economics Economics of production Marginal cost
In” Raymond’s Run‚” the main character Squeaky shows that she is a round character because she realizes new things about the other characters in the story.Squeaky learns that Mr. Pearson‚ Gretchen‚ and Raymond are not who they appear to be. Mr. Pearson is one of Squeaky’s teachers‚ he is also the organizer of the May Day Run. He is a tall man who thinks he is superior to everybody else and always acts snobbish. The text states “ Hazel Elizabeth Deborah Parker‚ going to give someone else a break
Premium High school Education School
It seems that Mary’s nickname of "Mary Runs Away" fits‚ because on page 89‚ not 8 short chapters after we are introduced to her‚ she gets married and actually runs away. This leads to a question that everyone is asking. "Did Sherman Alexie name Arnold’s sister Mary because she gets married?" Nobody can say‚ but we can still ask ourselves that question over and over again. Junior is told by Mr. P. that Mary used to love reading and writing romance novels. After she moves‚ Junior says‚"And then I realized
Premium Family Marriage Love