The answer is, larger; downward.
- Other things being equal, a larger supply of workers tends to put downward pressure on real wages.
<h3>How do wage increases affect the demand for and supply of labor?</h3>
- The quantity of work required will alter in response to changes in pay or salary.
- Employers will want to hire fewer workers if the pay rate rises.
- There will be a reduction in the amount of labor requested and an upward shift in the demand curve.
<h3>What causes wage increase?</h3>
- There are several reasons why employers may decide to raise salaries.
- An increase in the minimum wage is the most frequent justification for wage increases.
- The minimum wage can be raised by both the federal and state governments.
- Companies that manufacture consumer items are also renowned for giving their employees small pay raises.
<h3>How does wage increase affect supply?</h3>
- The aggregate supply curve shifts inward when the money wage rate increases, which results in a decrease in supply at all price levels.
- The aggregate supply curve shifts outward as the money wage rate declines, increasing the quantity supplied at any price level.
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Psychographic, <span>Segmentation is a method that delves into how consumers actually describe themselves, their attitudes, interests and activities.</span>
GDP is the sum of all final goods and services produced by an economy in a given period. In calculating GDP only the final goods and services that are traded are accounted for. Thus, household services that do not generate income are not accounted for in GDP, only productive activities. Therefore, in the long run the tendency is that the GDP analyzed by this issue will decrease, because when the unemployment rate increases, fewer workers will be employed in the productive sector. These people may substitute work for leisure or household chores, but this will not count in GDP.
Answer:
<em>Trade is critical to America's prosperity - fueling economic growth, supporting good jobs at home, raising living standards and helping Americans provide for their families with affordable goods and services.</em>
Answer:
International Trade
Explanation:
Based on the information provided within the question it can be said that in this scenario Yummy Snacks is most likely involved in International Trade. This refers to exchanging goods or services across international borders throughout various countries, either exporting or importing. Which is what Yummy Snacks is doing by exporting their product to consumers in various Latin American Countries in exchange for money.
