Efficiency wages may cause a <u>surplus</u> of labor because they are <u>above</u> the equilibrium wage.
The efficiency wage is higher than the equilibrium wage, which might result in a labor supply.
Since the efficiency wage in question is higher than equilibrium wages, there will be a labor surplus since more individuals will be eager to work as a result of the wage rise. Due to the fact that supply is more than demand, this will result in a rise in supply and an excess of labor.
There is a labor surplus in the sense that a sizeable segment of the work force produces less than it consumes and its marginal product is below the wage agreed upon via negotiation.
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The researcher begins with the objective in quantitative research due to the fact that it guides him in his measurements and his enquiry as he researches.
<h3>What is quantitative research?</h3>
This is the type of research that is done through the collection and the analysis of numerical data.
This type of data is usually measured and it is very different from the qualitative research.
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Answer:
tertiary circular reactions.
Explanation:
Ty’s experimentation with the drumsticks is an example of tertiary circular reactions.
It's a period in child's life where children begin a period of trial and error experimentation during their fifth sub stage (12 to 18 months time).
The child may try out different actions and sounds so as to get the attention of its caregiver.
Answer: This concept is "Entrepreneurship".
Explanation:
As we have given that
According to index, starting a new business in Brazil can take up to four times longer than the world average of 35 days.
This is related to "Entrepreneurship" according to economic concept.
As Entrepreneurship means setting up of new business for getting profit while taking financial risks.
Hence, this concept is "Entrepreneurship".
Answer:
begin to believe what they are saying.
Explanation:
Inducement is a term that describes a form of persuasion in which individuals are persuaded or encouraged to do or believe something, most specifically, things they have doubt in them primarily.
Hence, in a case, where people are induced to give spoken or written support to something they doubt, without bribery or coercion, people will experience a form of cognitive dissonance which will lead them to begin to believe what they are saying.
