We can actually infer here that an increase in labor productivity will affect equilibrium in the labor market in the following way: The demand for labor will increase and the equilibrium wage and quantity of labour will increase.
<h3>What is equilibrium?</h3>
Equilibrium refers to the state whereby opposing things are balanced in order to achieve a desired outcome.
If the labor productivity is increased, it will definitely affect equilibrium in the labor market in such a way that the demand of labor will increase.
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Answer:
I guess the ans is their right to exclude people from your property.
The answer is B. He wanted to do the right thing, but the situation was very confusing.
The reason principled negotiation would be the most suitable strategy in international trade negotiation is because it helps a party to leverage his/her principles of the opponent to win the negotiation.
The principled type of negotiation is recognized as an interest-based class of negotiation.
- A principled negotiation is known as a winner-take-all style of negotiation that is focused on a specific goal of winning.
- In a principled type of negotiation, there are no space for consideration of other party’s needs and requirements.
- However, a principled negotiations is limited because it can fail to settle dispute or conflict even if a parties has the highest intentions and negotiating skills.
In conclusion, the reason principled negotiation would be the most suitable strategy in international trade negotiation is because it helps a party to leverage his/her principles of the opponent to win the negotiation.
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Answer:
(A) -5/6
Explanation:
Price elasticity of demand = % change in quantity demanded ÷ % change in price
% change in quantity demanded = (60-40)/40 × 100 = 20/40 × 100 = 50%
% change in price = ($6-$15)/$15 × 100 = -$9/$15 × 100 = -60%
Price elasticity of demand = 50% ÷ -60% = -5/6
