I believe the correct answer is the first option. The labor supply curve is upward sloping because the opportunity cost of leisure decreases as wages decrease and the opposite of such is true as well. As one work one hour more, one will have less time for other activities. As the work rate increases in value, then the opportunity cost increases as well.
<span>if you are an employee who is not working on a commission basis, then most likely, you are working as a salary based employee. Your salary would usually be based on your going rate or your market value to the employers. Based on your caliber, the employers will decide what your salary would be. For example, if you are a fresh grad, you will start with an entry level salary while if you are a manager, you will obviously be receiving a higher salary.</span>
Answer:
Leading/Leadership
Explanation:
Leadership inspires, influences and motivates people to work towards a goal and achieve it.
Suppose the government launches a successful advertising campaign that convinces workers with high school degrees to quit their jobs and become full time college students. This would cause the labor force participation rate to decrease.
Let's imagine that the government employs a convincing advertising campaign to persuade those with high school diplomas to quit their jobs and devote their full time to attending college. As a result, the rate of labor force participation would decrease.
The labor force participation rate provides an estimate of the size of the labor force in an economy. The percentage of the working-age, non-institutionalized population, aged 16 and over, that is employed or actively seeking employment is used in the calculation. When paired with the unemployment rates, it can help put the state of the economy in some sort of context.
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Answer:
$8,120
Explanation:
<em>To calculate the proceeds, the gross proceed less the discount charged by the bank. The gross proceed is the total amount that would have been received should the note is held to maturity.</em>
Gross proceed= P + (P×R×T)
P- 8,000 R- 6%, T- 10/12
Gross proceed = (8,000 + 8,000× 6%× 10/12)
= $8,400
Discount charges = Gross proceed × discount rate × time to maturity
Time to maturity = 10 - 5 = 5 months
Discount rate - 8%, Time- 5/12
Discount charges = 8400× 5/12× 8% = $280
Proceeds to be received = $8,400 - $280
= $8,120
