Answer: How does a nation's education system relate to its economic performance? Why do most workers with college degrees earn so much more than those without degrees? Understanding how education and training interact with the economy can help explain why some workers, businesses, and economies flourish, while others falter.
As the labor supply increases, downward pressure is placed on the wage rate. If employers' demand for labor doesn't keep up with the labor supply, wages usually fall. An excess supply of workers is particularly harmful to employees working in industries with low barriers to entry for new employees—that is, those with jobs that don't require a degree or any specialized training.
Conversely, industries with higher education and training requirements tend to pay workers higher wages. The increased pay is due to a smaller labor supply capable of operating in those industries, and the required education and training carries significant costs.
KEY TAKEAWAYS
O The knowledge and skills of workers available in the labor supply is a key determinant for both business and economic growth.
O Industries with higher education and training requirements tend to pay workers higher wages.
O Differences in training levels is a significant factor that separates developed and developing countries.
O An economy's productivity rises as the number of educated workers increases since skilled workers can perform tasks more efficiently.
Answer:
the minimal difference between two stimuli that people can reliably detect
Explanation:
A difference threshold is the minimum amount that something needs to change in order for a person to notice a difference 50% of the time. It is sometimes called the just noticeable difference (jnd), and it depends on the strength of the stimulus.
the minimal difference between two stimuli that people can reliably detect, also called just-noticeable difference. the amount of change in a stimulus need to detect a difference, expressed as a constant ratio or fraction of the original stimulus
Answer:
A point on the curve
Explanation:
The production possibility frontier is a curve that shows the maximum output of two good that can be gotten if all resources available are fully and efficiently employed. Labour is one of such resources and all points on the PPF means that all resources are fully and efficiently utilized. Hence, labour like every other resource that is fully utilized will be on a point on the PPF.
Hitlar was made about the treaty of varsaile
The Constitution itself without its amendments
contains no protections for individual rights.
The amendments holds the bill of rights for the
people. Their right to freedom of speech, protect one’s self, privacy, respect
and other objectifying and “common sense” foundations. Without the amendments
or the bill of rights, what is there to individuals to protect? The government
stands because it is for, of and about the people in simpler terms. It exists
to systematize and maximize peace and order but in a limiting and legalized
manner, it can be executed.
