Answer:
- a. Paying higher wages can reduce a firm's training costs.
- b. Higher wages attract a more competent pool of workers.
- d. Paying higher wages helps workers to be healthier in some developing countries.
Explanation:
Paying higher than average wages will help a company retain staff who would appreciate being paid so much. There will therefore be less workers leaving the company which means that there would be no need to train new staff.
Higher wages also attracts more competent workers because competitive wages attract better talent who would want to work for a company that adequately compensates them for their higher skillset.
Developing countries tend to have low minimum or rather low equilibrium wage rates in order to get companies to employ more people. This usually does not reflect the economic situation in he country so paying above this rate will ensure that the employees are better taken care of which would leave them healthier.
Answer: B. spillover
Explanation:
A Spillover is used to refer to the effects of an Externality which is what happens when a market exchange leads to effects on a third party that was not party to a transaction between the contracting parties.
The activities that result from the transaction spillover to the third party and can be either negative or positive. A negative spillover would be countries in Africa getting harsher global warming effects due to companies in china polluting the atmosphere.
Ralph is acculturating its new employees through assimiliation, it is a way of or a progress in absorbing ideas or information and to be able to understand them. It is seen in the scenario above of how Ralph encourages the new hires to learn the norms and values of the orgaization, in which they should learn and understand. This is the process of assimilation.
<span>The embargo created an artificial drop in the supply of oil. How would a natural shortage differ from an embargo situation? A natural shortage of oil may lead to more people being cautious of how they spend their energy. This may also drive new ways for us to obtain energy. An embargo is a ban on a trade or commercial activity within a specific country. Different countries can put an embargo on a product that another one needs and it can hurt their overall economy and living situations. </span>
Answer: B Econemy
Frictional and structural unemployment are two different types of unemployment that occur in an economy. ... Conversely, structural unemployment is caused by shifts in the economy, which makes it difficult for workers to find employment. Unemployment is measured by the unemployment rate.
Explanation: