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jasenka [17]
3 years ago
10

A large country economically and politically dominating a smaller country

Social Studies
1 answer:
Gnoma [55]3 years ago
6 0
Are you looking for the best word to call it? It would be colonialism, but it is not necessarily be a bigger country to a smaller country: When then UK dominated India, it was smaller than India (geographically, but bigger militarily).
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Since the efficiency wage in question is higher than equilibrium wages, there will be a labor surplus since more individuals will be eager to work as a result of the wage rise. Due to the fact that supply is more than demand, this will result in a rise in supply and an excess of labor.

There is a labor surplus in the sense that a sizeable segment of the work force produces less than it consumes and its marginal product is below the wage agreed upon via negotiation.

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Is this a multiple choice answer? Or a type it in text. If so, I think you should figure it out because plagiarism is a serious thing.

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