In: Accounting
Answer Each Discussion Question below in at least 2-3 sentences each
1.To what extent do you think higher wages for farm workers will lead to increased mechanization?
Answer: If higher wages paid to farm worker it leads to increase in overall cost of production. To reduce overall cost employer may tend towards more mechanization farming rather than depend of farm worker. Use of machine and technology also increase output.
2.How do you think we should incorporate temporary immigration into the agricultural sector, if at all?
Answer: Temporary immigration in to agriculture is needed to balance economy. Temporary immigration to agriculture sector will fill the shortage of labor faced by agriculture sector.
3.Is it more effective to encourage technology adoption in developing countries or allow greater labor mobility across national borders?
Answer: It is more effective if greater labor mobility across national border in case of developing countries. Developing country would have ample of labor and manpower so it would be better to have industries based labor work rather than technology adoption. Technology adoption is feasible but to some extent more advance technology in developing countries may create unemployment situation.
4.How does technology adoption in high income countries (especially in agriculture) affect the development process for low income countries?
Answer: High income countries are major customers of developing countries production. Developing countries sell their surplus production to high income countries however if high income countries adopt technology then they can produce all consumption needed for the people of the countries on his own and they do not need to depend on developing countries and developing countries sell & revenue/income may decrease.