Producers tend to experience first the inflation before
consumers because the prices of raw materials, electricity and fuel which are
needed in the production of goods increase. In this case, the supply of the
materials needed is reduced and the output of products will diminish as well.
Answer:
Gain from trade
Explanation:
A situation whereby a country can consume more than it can produce as a result of specialization and trade is referred to as GAIN FROM TRADE.
The above situation usually occurs when countries produce a surplus of the commodity in which they possess specialization and then trade it for another surplus commodity of another country, thereby making them consume more than they can produce due to occupation and exchange.
Hence, in this case, the answer is GAIN FROM TRADE.
Answer:
Job design.
Explanation:
As Liu knows there is no single leading theory accepted by everyone on what motivates people, she looks into the top four perspectives: content, process, reinforcement, and <em>job design</em>. Job design is the process of rearranging work to avoid dissatisfaction. If the job is repetitive and mechanic it may produce dissatisfaction and low levels of production. There is a need for personal challenge and personal achievement in one's work to stay motivated.
