1 In what specific ways (if any) does a college education increase a worker’s productivity? 2....

1 In what specific ways (if any) does a college education increase a worker’s productivity?

2. Should fiscal policy encourage more consumption or more saving? Does it matter?

Expert Solution

Answer 1
The very best point can be education provides knowledge and understanding of various things and methods to finish or solve particular issues. I can state that finding out excels, you will be able to do things extremely quickly related to information analytics as you will have knowledge of various functions and how to use that. Knowledge also enables you to think about different methods that improve cognitive understanding. All these things lead to a boost in work effectiveness and work productivity.
Answer 2
Investment: Investment is the getting of products and services that are not spent today however can be used in the future to build wealth
Saving: Saving describes a part of the earnings that are not used for durable goods and services.
The fiscal policy motivates cost savings or investment:
In economic policy, the short-run market has to equalize the mix of aggregate demand and supply in the economy. In the short-run market, saving is the use of outflow that requires an injection of investment or government spending. Hence, the fiscal policy encourages consumption in the short-run market.
Nevertheless, in the long-lasting market, conserving is not the outflow however a source of financial investment financing. In the long-run market, the financial policy encourages saving to increase production the capability of the economy

Rahul Sunny answered 1 year ago

According to the neoclassical theory of distribution, the real wage earned by any worker equals that worker’s marginal productivity.

According to the neoclassical theory of distribution, the real wage earned by any worker equals that worker’s marginal productivity. Let’s use this insight to examine the incomes of two groups of workers: farmers and barbers.a. Over the past century, the productivity of farmers has risen substantially because of technological progress. According to the neo-classical theory, what should have happened to their real wage?b. In what units is the real wage discussed in part (a) measured?c. Over the same period, the...

1.In what specific ways does widespread corruption aggravate the problem of underdevelopment, preventing economic takeoffs? 2.In...

1.In what specific ways does widespread corruption aggravate the problem of underdevelopment, preventing economic takeoffs? 2.In what specific ways does the lack of protection for property rights and the sanctity of contracts aggravate the problem of underdevelopment, preventing economic takeoffs?

In what ways, can a company increase its profit? Be as specific as possible.

Create a Post listing five (5) ways to increase productivity on the job.

1. what steps can the government take to increase productivity? 2. The level of U.S. nominal...

1. what steps can the government take to increase productivity? 2. The level of U.S. nominal GDP in 1997 was about 19 times what it was in 1957. Yet it is clear that the typical person living in 1997 did not have 19 times as much stuff as a person living in 1957. How can these two facts be reconciled? Please answer these question for Macroeconomics class.

How does Cloud adoption in business increase productivity?

what does productivity mean

Suppose the government wants to increase the ability of families to pay for college education. Would...

Suppose the government wants to increase the ability of families to pay for college education. Would a $1000 income tax rebate differ from a $1000 tax credit for tuition reimbursement? Explain using indifference curve and budget line analysis.

How does the "hidden" curriculum impact one's college education?

1. Explain how RNAi could be used to treat disease. 2. What are two specific ways...

1. Explain how RNAi could be used to treat disease. 2. What are two specific ways in which RNAi can block the production of proteins. 3. RNAi exerts its effect by mainly controlling which process? a. Termination b. Translation c. Transcription d. Replication e. Splicing 4. Which of the following is not true about miRNA? a. One miRNA may match multiple targets b. miRNA is used by scientist as a therapy c. miRNA is found in plants and animals d....

Question