The quantity of manufacturing workers demanded will fall, the wage of manufacturing workers will rise and the quantity of manufacturing workers supplied will rise.
<h3>What does a union among workers represent in economy?</h3>
In the macroeconomic model, a union among workers will increase the wage rate, thereby the supply of manufacturing workers will also increase.
This phenomenon is associated with a decrease in the demand and quantity of manufacturing workers.
In conclusion, the quantity of manufacturing workers demanded will fall, the wage of manufacturing workers will rise and the quantity of manufacturing workers supplied will rise if manufacturing workers formed a union.
Learn more about the macroeconomic model here:
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Answer:
The correct answer is letter "C": basic research.
Explanation:
Basic research is a preliminary study conducted to identify certain aspects of a given item or event. The study is more informative than conclusive and leads to secondary research to acquire more details over the item or event. The reasons for conducting basic research include testing the results of a primary study to find out its relevance or saving resources in large research that bring no added value.
Complete Question:
The principle of exceptions allows managers to focus on correcting variances between
Group of answer choices
a. standard costs and actual costs
b. competitor's costs and standard costs
c. variable costs and actual costs
d. competitor's costs and actual costs
Answer:
a. standard costs and actual costs
Explanation:
A principle of exception can be defined as a theory that states that, only relevant and significant deviation about an asset is brought to the knowledge of a manager for the decision-making process or consideration.
The principle of exceptions allows managers to focus on correcting variances between standard costs and actual costs.
Answer:
decrease
Explanation:
As we know the gross profit is the net of sales and cost of goods sold.
Gross profit = Sales - Coast of Goods Sold
Lowering the price will decrease the sales value because sales is calculated by multiplying selling price per unit to number of units sold.
If we keep the cost of goods sold constant, then decrease in price will directly effect the gross profit and will reduce it too.
Answer:
Minsky Explanation
Explanation:
Based on the information provided within the question it can be said that the explanation that makes this statement is the Minsky Explanation. Which aside from arguing this, it basically states that reckless speculation is not able to sustain a bullish period and a sudden decline in market sentiment ultimately leads to a market crash every time.
