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1 year ago

The idea that only the most efficient workers will depart in response to a wage cut is called ________.

1 answer:

3 0

The idea that only the most efficient workers will depart in response to a wage cut is called adverse selection of wage cut.

<h3>What is the adverse selection of wage cut?</h3>

The adverse selection of wage cuts argument points out that if an employer reduces the wages for all workers in poor business conditions, then the employment alternatives at other firms, are the most likely to leave.

The least attractive workers with very few employment alternatives, are more likely to stay in this condition.

Companies which are experiencing difficult times can pursue workers to take a pay cut for the short term, and still have most of the firm’s workers.

Learn more about the adverse selection of wage cut here:-

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shusha [124]

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Either the price level or real GDP must increase

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Gross Domestic Product (GDP) is used to measure the economic growth, purchasing power, and overall economic health of a country. nominal Gross Domestic Product, measures the value of all final goods and services produced within a country’s borders at current market prices. It takes change in prices and interest rates, inflation and money supply into account when calculating a country’s gross domestic product. Real GDP takes nominal GDP and adjusts for inflation or deflation by comparing and converting prices to a base year’s prices. For nominal GDP to rise there must be increase on either the price level or real GDP.

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3 years ago

Getthere airlines currently charges $200$ dollars per ticket and sells $40{,}000$ tickets a week. for every $10$ dollars they in

Nataly_w [17]

Suppose GetThere Airlines increases their ticket price to $200+10n = 10(20+n)$ dollars. Then the number of tickets they sell is $40,000-1000n = 1000(40-n)$ . Therefore, their total revenue is

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3 years ago

Kelley Company reports $1,250,000 of net income for 2017 and declares $175,000 of cash dividends on its preferred stock for 2017

defon

Answer:

Net income available to common stockholders is $1,075,000

Explanation:

Net Income $1,250,000

To Preferred Shareholders $175,000

Net income available to $1,075,000

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3 years ago

A customer owns 100 shares of an NYSE listed preferred stock and notices that the typical daily trading volume in the issue is l

Bingel [31]

Answer:

The broker should respond that the Specialist (DMM) on the NYSE flooris obligated to buy the stock at the current market.

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Now under the NYSE rules, to make a nonstop market in the assigned stock. A customer is will always be guaranteed that the trade will be executed - on the other hand, the price at which the trade is effected is constantly subject to various market conditions.

So the best response from the broker is that the Specialist (DMM) on the NYSE floors is required to buy the stock at the current market.

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