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Recall the multiple factors that determine productivity. For example, workers are more productive when they have more capital/worker, more human capital/worker, etc. Listen to the Sewing Robot podcast linked below and be prepared to address the following:
1. Think of a traditional clothing manufacturing set-up (one worker per sewing machine). What impact do sewing robots have on capital per worker and human capital per worker? What impact does technology have on the use of capital and human capital?
2. Given what you learned above, what might be the impact on US clothing manufacturing productivity if sewing robots are widely adopted? When you answer this, it will help to consider why the US currently imports most of its clothing from other countries.(Remember that productivity = Y/L.)
3. If #2 happens, who wins and who loses in the global economy in general and in the US specifically. Explain your rationale.
Read the article "UK unveils levy on sugary drinks" and answer the following questions: a) What are the arguments for and against the imposition of such a tax on sugary drink?
One of the biggest risk factors for multi-nationals enterprise (MNEs) is using the potential volatility of exchange rates. Explain mechanisms that can be used to alleviate the risk, including discussion of ways in which an MNE might increase profi..
With base year 2002, the CPI in 2011 and 2012 were 240 and 250, respectively. If a flat screen TV cost $1164 in 2011 and $1200 in 2012, was the flat screen TV more expensive in 2012?
Assume that the pure expectations theory for the term structure of interest rates holds, no liquidity or maturity premium exists, and the bonds are equally risky.
The following table shows the hours per week supplied to a particular market by three individuals at various wage rates. Calculate the total hours Per week (Q T ) supplied to the market.
Why has Herbalife's multilevel compensation model been accused of being a pyramid scheme? How has Herbalife demonstrated social responsibility?
Recent data reveals that the price of balsamic vinegar and the quantity of balsamic vinegar consumed have decreased. Which of the following would cause an unambiguous decrease in the quantity of balsamic vinegar
1. Assume the economy is operating below the full employment level of output: 1. Congress votes to decrease business taxes on all small businesses in the United States. Using a correctly drawn AD/AS graph, show and explain how this change will affe..
Critically discuss the strengths and weaknesses of using per capita national income (even once adjusted for purchasing power parity) as a measure of welfare. Discuss at least two alternative measures of national welfare that have been put forward? ..
You and your family own a Christmas tree farm where you produce and sell Christmas trees. You want to consider the amount of water it takes
Holy digits Batman! The Riddler is planning his next caper somewhere on Pennsylvania Avenue. In his usual sporting fashion, he has left the address in the form of a puzzle. The address on Pennsylvania is a four-digit number where:
A publisher is deciding how best to sell the textbooks of Microeconomics and Macroeconomics. The publisher can either sell Microeconomics
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