Answer:
Another dimension of transaction costs or moving costs is searching costs. In the event of higher search prices, prudent customers shall continue to look for cheaper products or services. Search theory is a microeconomics industry which studies these decisions.
Explanation:
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Answer:
The best answer is southern agriculture was too important to the U.S. economy to lose slave labor.
Explanation:
Most southerners used salves to support the labor required to grow crops on large plantations. More crops not only meant more money for land owners, but it also kept costs lower for consumers. Without slaves, plantation owners would have to pay for labor, thus raising prices of food, tobaccco and clothing made of cotton. However, this was not a compelling enough reason for the majority of residents in Northern states to support slavery. Northern states had many factories with paid laborers and factory owners were accostomed to paying for labor.
Answer:
Framing
Explanation:
Concept of framing explains how individual identify, perceive, organize, communicate and attribute meaning to reality. Framing describes behavior that organizes categories of information and patterns of interpretation of such information that eventually form how and individual understand and respond to events.
Framing influences an individual's perception about a social norm. This reflects choice of certain decisions on which norm to follow at any given situation.
Answer: Gross pay
Explanation: When it comes to payroll and paychecks, there are two important terms to understand: net pay and gross pay. Gross pay is the amount of money your employees receive before any taxes and deductions are taken out.
