Answer:
1. A basic finding of labor economics is that workers who have more experience in the labor force are paid more than workers who have less experience (holding constant the amount of formal education). True
2. This might be the case because people with more experience have usually had more on-the-job training. True
3. Some studies have also found that experience at the same job (called job tenure) has an extra positive influence on wages. Job tenure is valuable because people gain <u>job-specific knowledge</u> that is useful to the firm.
Explanation:
A worker with more experience means more on-the-job training, this drastically increases the worker's value of the marginal product of labor.
Answer:
Press a standard key on the keyboard.
Move the mouse.
Explanation:
Answer: $252
Explanation:
GDP is calculated by summing up the value of final goods and services in a country within a period. This means that intermediate values are not included and this is done to avoid double counting.
The GDP contribution here therefore will be the value of the meals created;
= 50 * 5.04
= $252
Answer:
intermediate and long-range capital improvement plans for general capital assets
Explanation:
Capital budgeting in domain of finance
can be regarded as ways whereby the Value of potential investment project is been analysed and determined.The net present value can be known by finding the difference that exist between the cash flow present value and the present value of cash inflow. It should be noted that Effective capital budgeting for general capital assets of a government requires intermediate and long-range capital improvement plans for general capital assets
This reflects geocentric attitude.
The World Trade Organization (WTO) is the only global international organization addressing manufacturing the principles of trade between nations. The North American trade Agreement (NAFTA) was implemented to market trade between the U.S., Canada, and Mexico.
A company's employees, managers and board of directors compose a business's internal stakeholders. Employees of the manufacturing corporation are invested within the company's performance to make sure they still be paid and retain their jobs.
The Agreement Establishing the WTO recognizes the necessity for positive efforts to make sure that developing countries, and particularly those who are least-developed, share within the growth of international trade.
They make it easier for nations to try and do business. They increase product choices for consumers. They prevent two nations from exchanging manufacturing goods. Better risk management. One among the many advantages of international trade is market diversification.
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