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fgiga [73]
3 years ago
5

How does the market theory of wage determination explain the difference in pay rates?

History
1 answer:
Shkiper50 [21]3 years ago
5 0

The market theory of wage determination explains the difference in pay rates.

<u>Explanation:</u>

The price of every commodity is decided by its supply and demand. If the supply is high the cost will be low. The commodity that the workers offer is labour and wages are the price paid for labour.  

Market theory of wage determination concludes that wages are determined by the supply and demand of labour. When there are a high number of labourers the supply of labour is high and thus the price will low. This means the workers will be paid low.  

When there are less number of labourers to do a work the demand will be high for the labour and the workers will be paid high.  

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The reason why the trade barriers were imposed is that B. The French government would like for more French people to consume more domestic cheese and wine.

<h3>Why did the French impose those tariffs?</h3>

When tariffs and other trade barriers are imposed on imported goods, this is usually because the government wants to increase domestic consumption.

The French in this case most likely wanted to reduce imported goods so that citizens can be forced to consume domestic cheese and wine.

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5) Protection of Rights to Life, Liberty, and Property

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In all criminal prosecutions, the accused shall enjoy the right to a speedy and public trial by an impartial jury of the state and district wherein the crime shall have been committed, which district shall have been previously ascertained by law, and to be informed of the nature and cause of the accusation; to be confronted with the witnesses against him; to have compulsory process for obtaining witnesses in his favor; and to have the assistance of counsel for his defense.

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