The economist's analysis in the scenario painted above incorporates the idea of OPPORTUNITY COST.
Opportunity cost refers to a value or a benefit which must be given up in order to enjoy or acquire another benefit. Because resources are scarce, one always has to make decision about how to use one's resources efficiently. In the scenario given above, Joe had the opportunity to put his money in a fixed deposit account or to use it to buy gold coins; he choose the latter given up the former. Thus, the former, which he gave up is his opportunity cost.<span />
<span>A court ruling against the wrongful dismissal of employees is a development in the political or legal component of the general. Wrongful dismissal or termination of contract of employment without proper process violates the law of contracts. When this happens, the court takes the employee's rights into consideration in filing damages.</span>
Answer:
From guided notes reading of 7 skills to make mill$ :
This book focuses on __soft_______ skills or behavioral ___competencies________.
Explanation:
Brooks Harper's "7 Skills to make mill$" is a motivational book which urges students to perform at their best during their school days so that they can be prepared for the work life. In a very unique manner, Brooks hampered on the importance of the seven skills, which he described with the acronym DOLLARS. These include Diligence (hard work pays), Organization (Be your CEO, developing your GPA as your Goal, Plan, and Action and not just Grade Point Average), and Leadership (by making a difference). Others include Learning (replacing ignorance with education), Accountability (Your name = Your Brand; enhance or diminish it), Relationship (a warning to mind your company), and lastly Speaking (the articulation of ideas to others). These are the keys to success in life, which must be developed during school days.
Answer:
b increased by 2%.
Explanation:
Increase in real wage = 6% - 4% = 2%