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Cerrena [4.2K]
3 years ago
7

A firm in a purely competitive labor market is a wage taker because

Business
1 answer:
zubka84 [21]3 years ago
6 0

Answer:

employees don't accept the wage if the firm goes for lower wages.

Explanation:

A <u>purely competitive labor market</u> means that employees have more bargaining power in the employer-employee relationship. They usually wouldn't settle for the wage initially offered by employers, which is mostly low at the start. They gave the impact to influence the wage, due to the labor market structure (high need for labor, or decreased number of competitive employees). Therefore, the firms in that kind of labor market are wage takers.

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What is the most common method of measuring flows of trade?
kakasveta [241]

The most common method to measure flows of trade is the comparison between the exportation of merchandise, services, and the capital of the countries.

<h3>What is trade?</h3>

Trade is the situation where the countries buy (import) from or sell (export) to the countries outside the boundaries of their own territories.

Exports referred to the scenario where one country provides goods and services to another country abroad. The comparison of goods, services, and monetary capital of foreign countries with respect to their own countries can be used as a common method to measure the trade flows.

Therefore, the exporting of goods, services, and capital to other countries is the method to determine trade flows.

Learn more about the trade from the related link:

brainly.com/question/3617318

#SPJ4

4 0
1 year ago
The Holiday Corporation had sales of $450 million this year. Its accounts receivable balance averaged $30 million. How long, on
Zina [86]

Answer:

24.3 days

Explanation:

Calculation for How long, on average, does it take the firm to collect on its sales

Using this formula

Average collection period = (Accounts receivable / Credit sales) * 365 days

Let plug in the formula

Average collection period =$30 million/$450 million *365 days

Average collection period =24.3 days

Therefore How long, on average, does it take the firm to collect on its sales is 24.3 days

8 0
2 years ago
Our society is increasingly becoming more diverse. Discuss how this affects you as an individual, an organization, and society a
Mekhanik [1.2K]

Answer

Hello,

Well, a diverse society is stable and alive with positive dynamics, easy to adapt to changes and always geared towards a positive evolutionary.

As an individual, a diverse society offers greater opportunity for personal and professional growth.

In the society, diverse cultural views can inspire creativity and innovation. A diverse society has a pool of diverse skills base which allows an organization to produce broader and more adaptable range of goods and services.

A challenge in this is that integration across multicultural groups can be difficult due to negative cultural stereotypes. Some countries require navigating visa and application of employment laws that could be challenging requirements.

Diversity quotas in colleges can be outlawed but still allow colleges to consider race in admitting students.

Wish you luck!

5 0
3 years ago
Lawrence has been asked to learn how many cars drive by a specific location that his company is considering for a new restaurant
lapo4ka [179]

Answer:

The answer is  Investigating Primary Sources

Explanation:

I chose this answer because According to this problem, even though it doesnt say it, the smartest way to investigate a location you want to make a business  

really you would need to see the sources for it.

3 0
2 years ago
In your own what is the management?​
maria [59]

Answer:

can you explain this a little better how u have it makes no sense

8 0
2 years ago
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