I would only travel .5 miles and make my slaves do the rest
Answer:
Supply, demand and labor substitutes are three variables that will determine the wage.
For the medical field, the demand for doctors tends to be higher than the supply of doctors, because becoming a doctor is costly both in time and money. This means that doctors will be well-paid, according to this model.
Besides, there are not so many labor substitutes for a doctor, increasing the probability of a high pay for them.
The opposite occurs for barbers. Barbers are easier to supply, and demand is not as high for them. This means that a barber salary will be much lower than a doctor's salary. Finally, barbers do have more labor substitutes as well.
Explanation:
Answer:
The term Good Neighbor policy refers to American foreign policy toward Latin America under the Franklin Roosevelt administration. Its most important principles were nonintervention and noninterference. This essentially means that the United States would leave domestic affairs in Latin America to themselves.
There is no graph, so I can not answer your question.
