Question

#21.1 The movement of workers from lower productivity jobs to higher productivity jobs would be an...

#21.1

The movement of workers from lower productivity jobs to higher productivity jobs would be an example of a(n)

  • technological advance.

  • network effects.

  • simultaneous consumption.

  • improved resource allocation.

#25.1

Which of the following is best considered a demand factor in economic growth?

  • the full employment of resources

  • the stock of capital goods

  • the quantity of human resources

  • the quality of natural resources

Homework Answers

Answer #1

21.1 option D.

  • A jobs productivity is said to increase or improve, if the employers are using methods that can improve resource allocation.
  • Apart from other resources like land, machineries capital etc, human labour is also an important resource.
  • Therefore movement of workers from higher productivity jobs to lower productivity jobs means that there is improved resource allocation.

25.1 option A.

  • When a firm is looking forward to full employ it's resources to Increase productivity, demand in the Economy increases which leads to an economic growth.
  • This is because when more labour is employed demand for more labour increases. Similarly for land and capital, when they are required their demand increases.
  • Thus full Employment of resources is considered as a demand factor in economic growth.
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