Answer:
c. the quantity of labor supplied increases and the quantity of labor demanded decreases.
Explanation:
The union successfully increase the price for wages thus, the supply will increase.
Also, because the wages cost in benefit or wages are higher the demand for labor in the industry will be lower the entrepreneur will look at ways to use less people to avoid higher labor cost.
Answer:
6%
Explanation:
Based on the equation of exchange, the inflation rate can be determined by taking the difference between the rate of wage growth and the rate of labor productivity. Therefore, in the question above, the inflation rate is 9% - 3% = 6%. This shows that a fast increase in the wage growth rate with a slow increase in the productivity rate will lead to inflation.
Answer:
TRUE.
Explanation:
Media selection is an important step in the strategy making process that marketers will develop to achieve organizational goals and targets.
It is important for the company to direct its communication using as a channel the media that is most relevant to its target audience, which can be discovered through research, databases and various variables, so that the advertising message involves its audience and pique interest and engagement for a particular marketing campaign, which consequently increases lead, improves the company's image and generates positive returns.