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olga2289 [7]
3 years ago
8

What can be a business name for a Spinning Jenny

Social Studies
2 answers:
Andre45 [30]3 years ago
8 0
<span>THE SPINNING JENNY: A WOOLEN REVOLUTION</span>
BaLLatris [955]3 years ago
7 0
The woolen revolutiom...
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a. True

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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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