Natural resources are resources produced by the Earth and occur in nature, hence "natural". They can replenish quickly, or take millions of years to form, like oil and some precious metals and jewels. Hope this helped!
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.
To learn more about equilibrium wages
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Answer:
structure and jurisdiction of the federal court system and created the position of attorney general.
Explanation:
Caring he copes with the death and reaches out softly to the animal
