The us lags behind germany in providing vocational training, Ask an Expert

Economics

The US lags behind Germany in providing vocational training (apprentices). It described how Siemens, an important global industrial firm, trains its apprentices. This is very expensive for Siemens and for German Taxpayers. While Siemens apprentices appear to be guaranteed a job at Siemens, they are free to go work somewhere else.

a. Discuss the impact that this program has on current GDP, in terms of leaks and injections.

b. What about GDP in the future?

c. What prevents other countries from hiring newly trained apprentices from Siemens?

d. Is this a problem?

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M91721661

Have any Question?Write your Review or question?

Related Questions in Business Economics

In families with four children youre interested in the

In families with four children, you're interested in the probabilities for the different possible numbers of girls in a family. Using theoretical probability (assume girls and boys are equally likely), compile a five-col ...

A very skilled court stenographer makes two typographical

A very skilled court stenographer makes two typographical errors (typo) per hour, on average. 1. What probability distribution is most appropriate for calculating the probability of a given number of typos being made by ...

A medical researcher is interested in determining whether a

A medical researcher is interested in determining whether a new medication for lung cancer is effective in a group of patients with early-stage disease. Explain what a Type I and Type II error would be in this study. (Be ...

In a recent year 8415394 male students and 4879215 female

In a recent year, 8,415,394 male students and 4,879,215 female students were enrolled as undergraduates. Receiving aid were 62.9% of the male students and 68.3% of female students. Of those receiving aid, 41.9% of the ma ...

Assume p 65 - 2q the cost per additional unit mc is zero

Assume P = 65 - 2Q. The cost per additional unit (MC) is zero for the first five units, and then $5 per unit after that. There are fixed costs of $50. Once the optimal level of output is determined, how much profit does ...

1 the following table shows the prices and quantity

1. The following table shows the prices and quantity demanded of Alberta wheat in 2014 and 2015. The change in 2012 resulted from exceptional weather, resulting in a bumper crop. 2014 2015 Bushels demanded 1.74 billion 1 ...

Carefully explain how the negative price elasticity of

Carefully explain how the negative price elasticity of demand affect the revenue or profit of an organization?

You spoke with seven people you know and found that they

You spoke with seven people you know and found that they went out 2, 0, 1, 5, 0, 2, and 3 times last week. You then would choose to calculate a 95% (or another level) confidence interval for the population mean.

It was reported that 72 of americans dont exercise at

It was reported that 72 % of Americans don't exercise at least 30 minutes each day. If three people are selected at random, find the probability that all three will say that they don't exercise at least 30 minutes each d ...

Draw supply and demand curve to illustrate the following

Draw supply and demand curve to illustrate the following sequences of events. Show changes in one graph. Assume upward sloping for supply curves and downward sloping for demand curves 1. In year 1, the rental apartment m ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Economics Expert