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Ostrovityanka [42]
3 years ago
13

Trade agreements can cause jobs to go to countries that provide those jobs

Business
1 answer:
Kryger [21]3 years ago
5 0

Answer:

efficiently.

Explanation:

A trade agreement can be defined as a pact or treaty signed between two or more countries to encourage the free flow (import and export) of goods and services among its members, as well as eliminating or reducing trade barriers such as quotas, tariffs on goods traded.

Trade agreements can cause jobs to go to countries that provide those jobs efficiently because all business entities or firms want to have competitive advantage over its rivals. Thus, business owners who have signed a treaty with other countries would tend to outsource or recruit workers from countries that provide their services efficiently.

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Describe what would be some examples of fixed cost and variable cost on a farm?
EleoNora [17]
Machinery repairs, property taxes, salaries for workers variable: number of workers, what crop is being produced, gas for machinery.
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4 years ago
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Why might some firms voluntarily pay workers a wage above the market equilibrium
tekilochka [14]

Answer:

b) Paying higher wages can reduce a firm's training costs.

c) Paying higher wages encourages workers to be more productive.

d) Higher wages attract a more competent pool of workers.

Explanation:

Firms will hire more labor when the marginal revenue product of labor is greater than the wage rate, and stop hiring as soon as the two values are equal. The point at which the MRPL equals the prevailing wage rate is the labor market equilibrium.

The idea of the efficiency wage theory is that increasing wages can lead to increased labour productivity because workers feel more motivated to work with higher pay. Paying higher wages encourages workers to be more productive. Higher wages attract a more competent pool of workers. Workers stay with employers longer (instead of seeking out better-paying work with other companies) reducing businesses’ turnover, hiring, and training costs.

6 0
3 years ago
Use steth/o to build a word that means instrument to examine the chest:
yanalaym [24]
Stetho is the prefix for chest, while a scope is an examination tool. A stethoscope is a commonly used tool for auscultation (examination through listening) of the lungs and heart, which are in the chest.
3 0
4 years ago
Whats effect unemployment in economy?​
natita [175]

Answer:

when someone is unemployed(does not have a job), but still benefits the economy in some way

5 0
3 years ago
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Initially a bank has a required reserve ratio of 10 percent and no excess reserves. If $1,000 is deposited into the bank, then,
mixer [17]

Answer:

$100 would be held as required reserves

$900 would be available to be given out as loans

Explanation:

The required reserve is the minimum amount set by the Central bank that must be held as reserves by banks.

If $1000 is deposited and 10% is the required reserves, 0.1 × $1000 = $100 would be held as required reserves.

$1000 - $100 = $900 would be available to be given out as loans.

I hope my answer helps you.

5 0
3 years ago
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