Kemba's labor is called a resource as it is what his employer pays for.
For better understanding, we have to understand what resource is:
- Resource can simply be defined as anything that is used to answer or satisfies human needs and wants. it can be shown on a variety of levels, from worldwide to an individual household
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There are various types of resources available to man. they include; Natural Resources and human resources.
- Human Resources simply entails the use of the human population such as individuals, their abilities and skills. In business world, it is often known as Human Capital.
From the above, we can say that Kemba's labor is called a resource as it is what his employer pays for.
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A big increase in government spending is an example of a positive demand shock.
A demand shock is a sudden event that increases or decreases demand for goods or services temporarily. A positive demand shock increases aggregate demand and a negative demand shock decreases aggregate demand. Therefore there will be an initial inflation with the shock but since demand shocks are temporary and the central bank commits to an inflation rate target, then over time inflation will fall back down to the inflation target.
Expansionary fiscal policy is an increase in government spending or a decrease in taxation, while contractionary fiscal policy is a decrease in government spending or an increase in taxes. Expansionary fiscal policy can be used by governments to stimulate the economy during a recession.
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That is where the Jim crow laws of segregation were dominant.
Answer: Identity foreclosure
Explanation:
Identity foreclosure could be defined as the stage of the life of an individual where the individual has identified his or her self but their decisions are not independent yet, as their decisions, ideas are still dependent or learnt from friends and family. This is popularly observed with youths around 18 years. Lol falls into this category, although she's matured and can make decisions on her own but she still accepts the decisions of her family without questioning them.
