In the Two-Sector Endogenous Growth Model, the Fraction of Labour

question 47

Multiple Choice

In the two-sector endogenous growth model, the fraction of labour in universities (u) affects the steady-state:

• A)level of income.
• B)growth rate of income.
• C)level of income and growth rate of income.
• D)level of income, growth rate of income, and growth rate of the stock of knowledge.

Recognize the roles and responsibilities involved in job analysis and its significance in compensation strategy.

Evaluate current compensation practices and the criteria for their success.

Identify the characteristics of effective compensation systems and their alignment with organizational goals.

Distinguish between different types of rewards and their motivational implications.