Factors that impact the poverty rate: crime depending on the place the person lives in, social inequality, environmental conditions, and the lack of education
Answer:
a. equilibrium, and the price will not change
Explanation:
At equilibrium, quantity supplied equals quantity demanded. There is no incentive for prices to change.
Above the equilibrium price, there is a surplus, and the price will fall.
Below the equilibrium price, there is a shortage and prices would rise.
I hope my answer helps you
I would say the best answer is A. due to the fact that singing comes natural for her. I hope this helps. have an amazing day :)
Answer:
C. The trade off between wages and employment faced by the union.
Explanation:
The Union basically negotiates the pay a union worker will receive from the firm or organization. Unions use several techniques to increase the demand for labor and wages as well.
- They push for minimum wage increase.
- Increase the marginal productivity of workers.
- Lobbying for stricter immigration rules. This limits growth in the labor supply, especially of low-skilled workers from outside the country.
- They support restrictions on imported goods. This increases the demand for domestic production and domestic labor.
Answer:
Increases; higher
Explanation:
Skill-Biased Technology Change can be referred to as a shift in the production technology that takes preference of high skilled labour or workers over unskilled labour or workers.
This is achieved by increasing its relative productivity and, therefore, its relative demand.
Also, human capital is the accumulated knowledge (from education and experience), skills, and expertise. When education advancement reduces human capital reduces which at the long run reduces the number of skilled labours.
If there's a reduction in the number of skilled labours, then firms and organisations will be willing to pay huge sum of keep their available skilled labour and to hire new ones.
