Answer:
allow another person to negotiate their salary
Explanation:
<em>The correct answer would be that employees may have to allow another person to negotiate their salary.</em>
<u>This is because the leaders of labor unions are representatives of employees when it comes to negotiations with the management of the company. They directly or indirectly represent the interests of all employees.</u>
It is virtually not possible for each employee to negotiate their salary, especially in organizations with a large workforce. The labor leaders hold a meeting with all employees and then represent employees at the negotiation table.
Answer:
a. greater variety and lower prices
Explanation:
Due to the comparative advantages, countries can produce the product that they have proficiency. For example, if there are 2 countries, A and B. A have a skill of producing tasty wine, they can produce better quality of wine than B with the lower cost. When the trade barriers are reduced, the wine from A will be sold in B, the customer will have more choices of wine in the market and the price will relatively less different comparing to the price when the high barriers exist.
Answer: The correct answer is : "<u>decrease price and affect the equilibrium quantity in an indeterminate way</u>.".
Explanation: A decrease in demand and an increase in supply will decrease price and affect the equilibrium quantity in an indeterminate way.
Answer:
c. x1 + 3x2 = 6
Explanation:
Budget Line is the combination of goods that consumer can buy with given prices & Income (spending all).
Equation: p1.x1 + p2.x2 = m
where p1 & p2 are respective prices ; q1 & q2 are respective quantities ; m is the money income.
Putting p1 = 3 , p2 = 9 as given :
3x1 + 9x2 = 18
Dividing the equation by common factor = 3, we get :
x1 + 3x2 = 6
Answer: Option (D) is correct.
Explanation:
Free rider problem is the problem in which some individuals get benefits from the good and services that are owned by someone else but those individuals who are enjoying, doesn't pay anything for the benefit that they received from the goods and services.
Public goods are generally considered as a non-rival and non-excludable. There are some free rider problem arises in the provision of public goods, if the goods are distributed by a group.
If goods are distributed by the government then this problem of free rider could be resolved because government distributed goods at a large scale, so government can charge a price in terms of direct and indirect taxes for the provision of public goods.
Mandate also resolved the problem of free rider because through mandate every person need to pay for using the public good.
Social pressure also resolved the problem of free rider. If there are social pressure that people won't be able to use the provided goods and services until they pay the minimum amount for that good.
Therefore, option (D) is correct.
