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Author Question: An increase in ________ shifts the production function ________, and makes it possible to produce a ... (Read 35 times)

Alygatorr01285

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An increase in ________ shifts the production function ________, and makes it possible to produce a higher level of GDP with ________ capital per hour worked.
 
  A) technology; down; the same amount of B) consumption; up; a lesser amount
  C) technology; up; the same amount of D) labor productivity; down; the same amount of

Question 2

The reasons why someone cannot get a job are similar to the reasons why someone cannot get a date.
 
  Using the ideas of frictionally unemployed, structurally unemployed, and cyclically unemployed, describe and explain how a student at your university might be frictionally undated, structurally undated, and cyclically undated.



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Kingjoffery

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Answer to Question 1

C

Answer to Question 2

The frictionally undated student does not have a date because of the search process of matching up people. It is an information search problem. There are lots of other students who would go out with the student, but it takes time to find them.
The structurally undated student does not match up with the characteristics of the other students looking for dates. Perhaps the structurally undated student is considerably older, from another region or country, or just has different preferences.
The cyclically undated student does not have a date because there are not many dates to be hadthere is a recession in dates. This could be during final exams when most students do not date.





 

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