Financial tension may arise from large scale migration of low skilled labor into developed countries due to:
- Decreasing wages as supply of labor increases
- Net fiscal costs related to social welfare increase
<h3>What is migration?</h3>
This is the movement of people from one country to another. Here, migration take place due to low wage rate being paid to workers, which is not sufficient to meet their daily needs.
There are several reasons for migration. However, the commonest are:
- People can enjoy better infrastructural facilities like good roads, stable power supply.
- The standard of living of the people can be enhanced.
- There will be access to education and job opportunities for the migrants.
When there is frequent migration, such situation can create financial tension or instability to the developing countries. This is because of large scale of low skilled labor that would leave the country and then move to developed countries.
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Answer:
both
Explanation:
an entrepreneur primarily does the first, but the second is true because taxes are collected on materials which are sold.
Answer:
A) Recognize the write-down as a separate line item.
Explanation:
IAS 2 Accounting for Inventory requires that inventory be recognized at the lower of cost or net realizable value. Inventory is a balance sheet item which is initially recognized at cost.
However, once there is an indication that the cost is lower than the net realizable value, the carrying amount of inventory is written down with the write off recognized as a separate line in the P/l and not as an addition to the cost of goods sold.
Hence the right option is A) Recognize the write-down as a separate line item.
Answer:
The correct answer is 10 chips.
Explanation:
A person is eating chips. Initially, the marginal utility is very high, but after 10 chips it starts declining. It declines till 49 chips and after that it becomes negative.
We see that the marginal utility derived from the consumption of chips start to decline after consuming 10 chips.
This implies that marginal utility is being maximized at the consumption of 10 chips.
So the utility-maximizing quantity of chips is 10 chips.
Wage discrimination
when somebody is paid less than somebody else based upon a physical characteristic
