Answer:
C. Their incomes tend to be higher than others whose skills are not in demand.
Explanation:
Answer:
$17.9469
Explanation:
Calculation for what dollar wage must be paid in the third year
Since the first year is tend to be the base year in which the real wage and nominal wage are both $15 per hour in that year.
The real wage is suppose to increase by 2 percent in the second year which means that the real wage in year two will be $15.30 ($15 * 1.02) per hour.
In a situation where the real wage was supposed to also increase by 2 percent in the third year, this means that the real wage in year three will be $15.606 ($15.3 * 1.02) per hour.
Therefore In order for us to find the nominal wage in third year , we have to index the real wage in order for it to adjust for inflation. Thus the nominal wage in third year will be $17.9469($15.606 * 1.15).
Therefore what dollar wage must be paid in the third year will be $17.9469
The marketplace is full of both potential and non-potential customers which makes this statement <u>True</u>.
<h3>Are both potential and non-potential customers in the market?</h3>
The market does indeed have both potential customers for a product and non-potential customers who would not want to buy the product.
As a result, it is not possible to directly market to only potential customers, but to the entire marketplace.
Find out more on potential customers at brainly.com/question/3053467.
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I don’t get what your saying
But could u give more explanation
Answer:
The key economic idea being exemplified is c) People are rational
Explanation:
The economists’ assumption is that firms and consumers utilize all available information to attain their goals and weigh all costs and benefits of each action taken. Moreover, firms and consumers only choose an action if the benefits exceeds the costs. Therefore, the action of manufacturing firms to move their operations from overseas back to the US due to the increased preference for US manufactured goods exemplifies that consumers and firms rely on all available information when pursuing their goals.