Question
2. Let's suppose that a new training program is introduced to help workers gain more and better skills to adapt to a challenging labor market.
2. Let's suppose that a new training program is introduced to help workers gain more and better skills to adapt to a challenging labor market. The execution of the program is planned to increase total factor productivity (A) through firm innovation. Explain how it might affect overall production, productivity of labor and capital. Use graphs and the models. Explain
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Economics of Strategy
Authors: David Besanko, David Dranove, Mark Shanley, Scott Schaefer
6th edition
978-1118273630, 111827363X, 978-1118319185
