If there is an increase in labor productivity, there will be an <u>increase </u>in wages and an <u>increase </u>in individuals employed.
If better insurance policies are mandated by the government then wages and the number of people employed will <u>both decrease</u>.
This shows that the entity that actually pays the costs of health insurance premiums is <u>employers</u>.
<h3>What happens when labor productivity rises?</h3>
When there is an increase in labor productivity, employers will demand more employees in order to produce more. This will shift the labor demand curve to the right.
The new intersection of the demand curve with the supply curve will see an increase in the wage rate and in the quantity of those employed in the labor market.
<h3>What happens if better insurance policies are imposed?</h3>
If the government mandates that employers should provide better insurance policies, it means that employers will start paying more in insurance premium contributions.
This increased cost of labor will lead to employers demanding less employees which will lead to a decrease in the wage rate and in the number of those employed.
This shows that employers are mostly the ones who pay for health insurance premiums which is why an increase in these premiums will increase the cost of labor for them.
Find out more on the labor market at brainly.com/question/4389927.
Answer:
the cpi has understated the cost of living because of quality improvement bias
Answer:
D) hesitant; because it may cause a slowdown in the economy
Explanation:
The FED usually increases interest rates to halt rapidly increasing inflation, and it could be useful to calm down potential asset bubbles. The problem with raising interest rates is that it immediately cools down the economy and slow down economic growth. It might even stop economic growth and cause a recession.
Since higher interest rates increase the cost of borrowing for everyone in the economy (individuals, businesses), consumption decreases and investment increases. The problem with this is that private consumption represents nearly 70% of the GDP and the money multiplier is responsible for a lot of this.
Answer: $2.60
Explanation:
Based on the information given in the question, the maximum amount that the Cologne Division would be willing to pay for each bottle transferred would be the amount that the company can purchase the containers in the external market which is given in the question as $2.60.
That's the highest amount that they can but the containers for. Therefore, the answer is $2.60
Answer:
<em>An inferior good</em>
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Explanation:
<em>An inferior good is a good whose demand decreases with consumer's increase in income</em>. John's increase in pay, that came with his promotion, triggered John to switch to driving everywhere he goes instead of riding the bus. This is because John feels that riding the bus is no longer fit for him, now that he could readily afford driving around in the stead of taking the cheaper bus ride.
