Answer: <u><em>(A.)The employment contract specifies the level of work effort required from a worker.</em></u>
(<u><em>C.) The buyer in the labor market is a price setter.</em></u>
Explanation:
In a economy the employment contract specifies the level of work effort required from a worker. i.e. while hiring an employee for a position in a organisation, It is required to completely specify the level of work effort required from that worker.
Also, Firms interact with individuals, employing them, discharging them and promoting or cutting wages and hours. The relationship between the forces of supply and demand influences the hours the worker works and their compensation.
<u>Answer:</u>
<em>The factors of production typically include land, labor, capital, entrepreneurship, and the state of technological progress.</em>
<u>Explanation:</u>
In economics, capital typically refers to money. But money is not a factor of production because it is not directly involved in producing a good or service.
Instead, it facilitates the processes used in production by enabling entrepreneurs and company owners to purchase capital goods or land or pay wages. For modern mainstream economists, capital is the primary driver of value.
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Answer:
ture
Explanation:
technology is here to solve your problems
Answer:1.B.2.A,3.C,4.C,5.D i hope these are the answers
Explanation: