Answer:
Reduce Employment, Increase Wage rate
Explanation:
Labour supply is an upward sloping curve, as labour supplied is directly related with wage rate. Asymmetry of Information is when one economic party has more & superior information than other economic party, in an economic transaction.
Asymmetric Information could be also between employers & employees : Eg 1 - Employee having more information about their capabilities than employers, Eg 2 - Employers having more information about output value of employees work, than employees.
Eg -2 suits the given case : Labourers / Employees preferences change against employment. This could be when labourers learn about the previous asymmetric information of - them being paid much less than value of their production, employers retain all the surplus value for themselves.
This would decrease the labour supply, shift the upward sloping labour supply curve leftwards. It would create excess demand of labour, would create competition among buyers (employers). So, the new equilibrium would be determined at higher wage, less employment.
Answer:
The answer is: Stewie can't report any taxable income and Brian can report a $1,000 loss.
Explanation:
Since Stewie is doing the activity as a hobby, he can't report a loss on it. It's like someone who likes to play basketball on weekends with his friends, he can not report the cost of a pair of sneakers and a ball as a loss.
Brian on the other hand runs a business and actually lost money doing it, so he can deduct his losses form his gross income.
In<span> the early 1800s, the fishing industries in </span>America<span> experienced an economic boom as a result of the settlement of the French. They boosted the fishing lines by innovating something new and introducing the dories, small fishing boats. In here, they have anchored the long lines in the shore while the short lines will be attached by a hook that would increase their catch.</span>
