Review Questions

1.
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Describe the principal difference between absolute and comparative advantage?
2.
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Suppose that worker A is 10 times better than worker B at performing task 1. Given this, it is clearly always optimal for the firm to assign worker A to this task. Is it?
3.
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Suppose that we are given ρA = 16 and ρB = 0.25 (units of τ2 per unit of τ1) for workers A and B, respectively. Given this, which of the two workers has the comparative advantage in task 1? Explain what happens if they each increase τ2 by a unit.
4.
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What are the primary differences between traditional and modern manufacturing methods?
5.
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What is meant by systemwide complementarities, and why are they so important for organizational design?
6.
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Describe the main features of high-performance work practices (HPWPs). How do they differ from traditional work practices (TWPs)?
7.
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Outline the core tenets of insider econometrics.

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