The correct answer is: "The elites use their payoffs to stay in power."
Firms constantly seek to hire as cheap as possible. The less amount they pay in terms of salaries, the greater will be the margin of profits, as the calculation will be profit= revenue - costs, being salaries one fraction of the costs.
This mechanism produces an increase of the inequality gap. Workers get lower salaries and firmowners and directives keep on rising the amount of profits generated by their businesses, and in turn, their payoffs also grow. This trend creates elites.
Answer:
Coping
Explanation:
Coping Is a kind of problem solving that involves managing taxing circumstances, expending effort to solve life's problems, and seeking to master or reduce stress.
Answer:
Because if there was no government than chaos would take its place. Someone can rob from you and there would be no police to stop them. Serial killers wouldnt be caught. There would be no jails. The roads and other public things would be horrible because there would be no taxes. No one would pay for it if they dont have to.
Answer:
D. the greater the availability of close substitutes.
Explanation:
Price elasticity of demand is a measure of the sensitivity of demand for a good or service to changes in the price of that product. We say that the price elasticity of demand is elastic when a percentage change in the price of this good has major impacts on demand. On the contrary, we say that the price elasticity of demand is inelastic when variations in the price of goods have little or no influence on demand.
Goods that are inelastic in demand are usually consumer-essential goods for which there are few substitution options, such as a cancer drug. On the contrary, elastic goods are those whose price variations diminish the demand for a range of substitute goods. For example, if the price of rice goes up, people may demand spaghetti, which is a substitute good.Therefore, goods with a large number of substitutes tend to have price elastic demand.
Answer:The American Historical Association (AHA) and the Smithsonian National Museum of African American History and Culture (NMAAHC) co-hosted The Future of the African American Past, a landmark conference that brought together over 60 scholars to celebrate the opening of the NMAAHC and consider the future of the study of African American history.
Explanation:
