Answer:
It affected moral pretty heavily. it boosted Germanys and Austria Hungrys moral while lowering the moral of allies. it Also saved it's ecnomy from war.
Explanation:
Yes because the policy will be made for the citizens, so why shouldn't they be able to he a say-so on what they want?? That is basically like crossing what everyone does in the community for the rest of their lives!
Hope this helps!! :)
Answer:
a) Hotel Rooms are inelastic because hotel rooms are fixed in supply and it take large amount of time to expand the number of rooms. (b) Taxi rides are elastic because the ride increase or decrease their duty time according to...
Explanation:
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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