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Dimas [21]
3 years ago
10

Why is the equilibrium wage higher for doctors than for convenience store clerks?

Social Studies
1 answer:
kow [346]3 years ago
3 0
HIgher wages come with being able to be "picky" about your job, which means that there are not many people applying, but there are a lot of positions which need to be filled.

The correct answer is:
B. Supply of doctors is relatively low, and the demand is relatively high.

The low supply of doctors is connected to the difficult and costly education.

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After reading the text what is your definition of family? what is family composition?
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A family is a set of people who care for each other, help or support families emotionally, and people whom you can rely on.

Family composition is a group of people who make up a family, the number of members, the people's age, and the relationship between everyone. The family composition can also be the role of family structure, union formation and marital quality on various health‐related outcomes.

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4 years ago
Fill in the blanks to complete the passage about one of the three key functions of money. Because money creates a standard______
liraira [26]

Because money creates a standard <u>unit of account</u> it is possible to compare the prices of two goods, which allows people to communicate the <u>value</u> of the goods in a way that is easily understood. This characteristic of money also enables it to serve as a <u>recording</u> device, or a way to measure accounts and transactions in a consistent manner

<h3><u>Explanation:</u></h3>
  • To understand this in a better way money is a medium of exchange between the two parties.
  • This becomes possible to compare the prices of the goods which one buys from other.
  • It is a store of value of the goods. This is a unit of account that keeps the measure of all the transaction held.
  • Money is best defined as with its three main features  
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