Answer:
1)Predict: How will supply and demand and labor substitutes in these job markets affect their pay and likeliness to get a job?
Supply, demand and labor substitutes are three variables that will determine the wage.
For the medical field, the demand for doctors tends to be higher than the supply of doctors, because becoming a doctor is costly both in time and money. This means that doctors will be well-paid, according to this model.
Besides, there are not so many labor substitutes for a doctor, increasing the probability of a high pay for them.
The opposite occurs for barbers. Barbers are easier to supply, and demand is not as high for them. This means that a barber salary will be much lower than a doctor's salary. Finally, barbers do have more labor substitutes as well.
2)How will supply and demand within the job market affect my career choice?
Supply and demand within the job market, as explained above, largely determines the quality of the career that you choose. A labor market with high supply and low demand means that the chosen career will be paid less, while a labor market with low supply and high demand means that the chosen career will be paid high salaries.
The answer is Peter Stuyvesant.<span />
Which declarations are you talking about?
Answer:
B. The focus is on ideas instead of physical products
Explanation:
Post-industrial of economy refers to a period of economic growth that is led by Services , scientific research, and data information industry rather than manufacturing.
Since services industry do not necessarily produce physical products, ideas and creativity often become the more important driving factors to provide the costumers with a more unique possibilities.
Why other options are wrong:
- Raw materials are made into goods. This happened in an economy dominated by manufacturing, which happened before post-industrial economy.
- People do not use gold coins for purchased - This happen ever since paper money was invented. Industrialization has no connection to it.
- Money is exchanged for goods and services, this happen in all period of economy.
