When there are not enough productive resources, the production possibility frontier (PPF) slopes downward, but when resources are distributed according to their comparative advantages, it bends outward. According to the law of rising opportunity cost, this allocation will likely result in an adverse outcome.
This is further explained below.
<h3>Hy is most production possibilities frontiers (PFS) for goods bowed outward (concave downward)?</h3>
Generally, The Productivity and Potential Frontier is sloping downward because there are not enough productive resources, but it is bowing outward because resource allocation is driven by comparative advantage.
The term "resource" refers to all of the resources that are present in our surroundings, are possible from a financial, cultural, and technical standpoint, and are available to us so that we may fulfill our requirements and gratify our desires.
In conclusion, The scarcity of productive resources is what causes the PPF to slope downward. It follows that the rule of growing opportunity cost will be valid if such an allocation is performed.
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Unions have a substantial impact on the compensation and work lives of both unionized and non-unionized workers. This report presents current data on unions’ effect on wages, fringe benefits, total compensation, pay inequality, and workplace protections.Some of the conclusions are:
Unions raise wages of unionized workers by roughly 20% and raise compensation, including both wages and benefits, by about 28%.
Unions reduce wage inequality because they raise wages more for low- and middle-wage workers than for higher-wage workers, more for blue-collar than for white-collar workers, and more for workers who do not have a college degree.
Strong unions set a pay standard that nonunion employers follow. For example, a high school graduate whose workplace is not unionized but whose industry is 25% unionized is paid 5% more than similar workers in less unionized industries.
The impact of unions on total nonunion wages is almost as large as the impact on total union wages.
The most sweeping advantage for unionized workers is in fringe benefits. Unionized workers are more likely than their nonunionized counterparts to receive paid leave, are approximately 18% to 28% more likely to have employer-provided health insurance, and are 23% to 54% more likely to be in employer-provided pension plans.
Unionized workers receive more generous health benefits than nonunionized workers. They also pay 18% lower health care deductibles and a smaller share of the costs for family coverage. In retirement, unionized workers are 24% more likely to be covered by health insurance paid for by their employer.
Unionized workers receive better pension plans. Not only are they more likely to have a guaranteed benefit in retirement, their employers contribute 28% more toward pensions.
Unionized workers receive 26% more vacation time and 14% more total paid leave (vacations and holidays).
The correct answer is Critical Technical Parameters (CTPs)
Explanation: They are developed and coordinated by: The Independent Operational Test Agency.
Ottoman tradition relied on slave concubines along with legal marriage for reproduction. ... The retention of the title of Sultan for the mother indicated the power of the ..... and increasingly dependent on his mother Nurbanu for political advice.
