Professional Documents
Culture Documents
Ky Sereyvath
Group: A
ID: JD18-0635
Homework 1
2. What factors have helped the United States to become the world’s leading exporter of
movies, books and popular music?
Televisions and video reorders were developed and first produced in United States
Technological research
High expenditure on the development of electronic components for the military and a
culture that actively encourages entrepreneurship.
Skilled labour
Factory located in high-wage country like the United States.
3. Why does saying that people are poor because they do not specialize make more sense
than saying that people perform their own services because they are poor?
When people are poor and not specialize in something, they tend to make time to
perform every task on their own rather than concentrating on one specific task that
give them the most profits. In fact, that specialization boost productivity does not
mean that more specialization is better the less. When people tend to enjoy variety of
task they do, yet variety tend to be one of the first causalities as workplace task
become even more narrowly specialize.
4. How will a reduction in the number of hours worked each day affect an economy
production possibilities curve?
A reduction in the number of hours worked each day affect an economy’s production
possibilities curve by making an economy’s productivity curve shift inwards because
when people work less time each day, we can assume that there will be less products
manufactured due to the facts that the production are depend on labor.
Name: Im Akrunkonghong Prof. Ky Sereyvath
Group: A
ID: JD18-0635
5. How will technological innovations that boost labor productivity affect an economy’s
production possibility curves? –