Answer: this means that there is fall in price of a goods on the demand market. This is because of price ceiling.
Explanation:
Answer:
D. Increased efficiency and productivity
Explanation:
Job specialization can be defined as a strategic process which typically involves the ability of employees working in an organization to develop specific skills, knowledge, great expertise or professionalism and experience to perform their duties, tasks or job functions effectively and efficiently.
In order to gain the requisite skills, expertise and knowledge for job specialization, it is very important for the employees to have undergone an extensive training and a good number of years in work experience.
The primary purpose of job specialization is to increase efficiency and productivity because the employees are able to specialize in the use of specific tools (equipments) to accomplish their tasks, as well as limit the level of error or mistakes in the production process.
Answer:
Credit unions offer some of the best rates on credit products such as car loans, mortgages and credit cards. They provide fee-free checking accounts and savings accounts, too, without requiring a substantial minimum balance. That can be a huge relief when your funds dip into the single digits.
The idea that firms will get the most for their money when they pay wages higher than the equilibrium wage is called optimal-wage theory.
<h3>What is
optimal-wage theory?</h3>
Optimal efficiency wage is one that that do occur when marginal cost of an increase in wages can be attributed to the marginal benefit associated to productivity.
Hence, idea that firms will get the most for their money when they pay wages higher than the equilibrium wage is called optimal-wage theory.
Learn more about optimal-wage theory at:
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