Distinguish between general and specific on-the-job training

Assignment Help Business Economics
Reference no: EM131242453

Distinguish between general and specific on-the-job training. Who normally pays for general training? Specific training? Why the difference? Are there any exceptions to these generalizations? Explain.

Reference no: EM131242453

Questions Cloud

What is present value of the cars expected maintenance cost : As a car ages, maintenance costs usually increase. You estimate the maintenance costs for your car will be $300 a year for the first 3 years, $400 a year for the next 3 years, and will then increase by $50 a year for the remainder of the cars life. I..
Calculate the equilibrium output and interest rate : The following equations describe the macro-economy: Calculate the equilibrium output and interest rate.
The own price elasticity of demand for good : Suppose the own price elasticity of demand for good X is -3, its income elasticity is 1, its advertising elasticity is 2, and the cross-price elasticity of demand between it and good Y is -4. Determine how much the consumption of this good will chang..
Calculate the present value of the stream of costs : In the following two cases, calculate the present value of the stream of costs and benefits first using a discount rate of i = .03. Current one-time cost of $40 and future benefits of $1 this year and another $1 per year forever (infinite time horizo..
Distinguish between general and specific on-the-job training : Distinguish between general and specific on-the-job training. Who normally pays for general training? Specific training? Why the difference? Are there any exceptions to these generalizations? Explain.
Their members during the upcoming contract negotiations : Suppose a union that represents some but not all of the employees in an industry is considering a strong push for increased pay for their members during the upcoming contract negotiations. What factors should the union investigate in order to address..
Suppose the price of capital falls relative to the wage rate : Suppose the price of capital falls relative to the wage rate and, as a result, the demand for labor increases. Are these inputs gross substitutes, or are they gross complements? What can you infer about the relative strengths of the output and substi..
In the competitive market for welding services in logan : In the competitive market for welding services in Logan, assume that a > 0 and b > 0 are exogenous variables: a represents the price of a related good, and b represents the number of welders (i.e., sellers) in the market. Describe an economically rea..
The product demand for poultry : The Governor of Arkansas has asked you (her crack economic advisor) to analyze how employment in trucking and poultry processing will be affected if deregulation lowers labor cost in both industries by ten percent. The product demand for poultry is l..

Reviews

Write a Review

Business Economics Questions & Answers

  Because the games might be harmful to minors

The Arkansas state legislature enacts a statute that prohibits the advertising of video games “because the games might be harmful to minors.” Despite this new statute, the president of Games Marketing, Inc. (GMI), orders GMI marketers to place ads in..

  Difference - ad-as model and the dynamic ad-as model

Which of the following is a major difference between the AD-AS model and the dynamic AD-AS model? The dynamic .AD-AS model assumes the economy does not experience long-run growth, while the AD-AS model assumes there is constant inflation in the ec..

  The goods are represented by the utility function

Consider a consumer whose preferences over the goods are represented by the utility function U(x; y) = xy2. Recall that for this function the marginal utilities are given by MUx(x; y) = y2 and MUy(x; y) = 2xy. (a) What are the formulas for the indier..

  Explain this paradox using the model of money supply

To counteract the recent crisis, the Federal Reserve has increased the monetary base by trillions of dollars. However, the total money supply in the economy has not increased significantly. Explain this paradox using the model of money supply.

  Household receives a grant

Assume a household receives a grant of $500 of food stamps every month. How will this household's budget line be affected.

  Calculate the industry supply function

Suppose there are 100 identical firms in the perfectly competitive note-card industry. Each firm has a short-run total cost curve of the form: ST C = 0.2q^2 + 4q + 10 and MC = 0.4q + 4. Calculate the firm’s short-run supply curve with q (the number o..

  Assume okuns law holds also a one percent

Assume Okun's law holds also a one percent (%)age point rise in the unemployment rate reduces real output by 2% of full-employment output. The expectations-augmented Phillips curve.

  Promote stability of financial markets because

The Fed seeks to promote stability of financial markets because

  Explain why quality became the most important issue facing

Explain why quality became the most important issue facing American business in the 1980s. In addition to economic competition from Japan, what other factors may have contributed to the importance that quality has assumed?

  Entrepreneurs obtained through coercion-through persuasion

Are the profits of entrepreneurs obtained through coercion or through persuasion? (definition of terms: coercion = inducing people to cooperate by threatening to reduce their options. persuasion = inducing people to cooperate by promising to expand t..

  Why is investment significant to economic growth

Why is investment significant to economic growth? Please explain. What benefits does economic growth of economy provide to the average individual living in the economy? How can the government encourage economic growth via corporate taxes and other me..

  Health insurance tends inevitably to cause moral hazard

Because health insurance tends inevitably to cause moral hazard, will the population necessarily be over insured (in the sense that a reduction in insurance would improve welfare)? Are there beneficial factors that balance against the costs of welfar..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd