Efficiency wages may cause a <u>surplus</u> of labor because they are <u>above</u> the equilibrium wage.
The efficiency wage is higher than the equilibrium wage, which might result in a labor supply.
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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Answer:Greece
Explanation:
I believe the answer is greece :)
To make money.
You often have to pay interest on your loans, so the longer you take out a loan the more the bank gets.
The three goals were to explore new land, discover new types of animals and plants, and to meet the Indians and hopefully make good relationships with them.
Answer: Gilgamesh realizes and accepts that he is mortal
Explanation: The Gilgamesh Epic is the oldest written epic, considered by some to be, to some extent, not entirely, related to the historical Gilgamesh that ruled during the Sumerian civilization. Gilgamesh in pursuit of immortality goes to the old and wise Utnapishtim, who survived the great flood and became immortal. Utnapishtim seems to be the Noah character in the Bible. After all these questions about immortality, Gilgamesh realizes that he must rule as a just and wise king, but that he will not attain immortality.
