1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
mars1129 [50]
3 years ago
13

Suppose that a labor economist performs a statistical analysis on economywide worker wages using standard, measurable explanator

y factors, such as job characteristics, years of schooling, and so forth. How much of the variation in worker wages can be accounted for by such measurable explanatory factors
Business
1 answer:
Archy [21]3 years ago
6 0

Answer: Somewhat less than 50%

Explanation:

Here is the complete question;

Suppose that a labor economist performs a statistical analysis on economywide worker wages using standard, measurable explanatory factors, such as job characteristics, years of schooling, and so forth. How much of the variation in worker wages can be accounted for by such measurable explanatory factors?

a. Somewhat less than 50%.

b. Somewhat more than 60%

c. Nearly 100%

d. About 0%?

The variables which are typically removed from the quantitative analysis of wages are those which cannot be directly measured, directly observed or normative in nature.

Chance plays a vital role in deciding ones wage, the type of job one applies for and gets, and the salary that can be gotten. Chance cannot neither be measured nor observed. Natural ability cannot also be quantified, observed or measured. These variables are also subject to normative judgement.

Based on this analysis, the measurable traits will account for less than 50% of total variation in the wages.

You might be interested in
The existence of conflict has a positive side which can stimulate the following EXCEPT FOR:_________.
DedPeter [7]

Answer:

B) complacency.

Explanation:

Conflict can be defined as a state of misunderstanding or disagreement between two or more parties, as a result of breakdown in decision making. It is usually caused by factors such as dissent of beliefs, opinions, needs, values, resources, attitudes, ideologies, goals etc. It is generally perceived that conflict usually has a negative consequence.

However, the existence of conflict has a positive side which can stimulate the following innovation, change, creativity but not complacency because it connotes a negative effect of unsatisfaction.

7 0
3 years ago
Airbnb, a room-sharing site, offers more rooms than Marriott. Goldman Sachs suggests that the supply of new rooms over the next
alexandr402 [8]

Answer:

C) The threat of new entrants.

Explanation:

Porter's Five Forces: It's an analysis helpful for the industries to get the understanding of the loopholes and their weaknesses. Porter suggested that anytime a company goes down, there would be one force involved among the following five forces.

  1. Threat of new entrants.
  2. Bargaining power of buyers.
  3. Threat of substitutes.
  4. Rivalry among existing competitors.
  5. Bargaining power of suppliers.

In our case:  

  • Threat of new entrants force is involved: There is always a threat to the existing companies of the new company entering the market. Some companies doesn't take them seriously and ends up getting damaged. And, as the Goldman suggests that new supplies of the rooms in coming years will hurt the existing companies. So they must act on this information and make a decision to change the event for their own better.  
4 0
4 years ago
When a consumer purchases a product, a demand is created for this item to be __________ by the merchant?
Anettt [7]
re-stocked was the answer, but there could others like re-fined, re-integrated
5 0
3 years ago
Read 2 more answers
Fuller Company makes frames. A customer wants to place a special order for 600 frames in green with the company logo painted on
joja [24]

Answer:

The qualitative factor which Fuller will consider for this order is:

b. Cost of setup labor.

Explanation:

Answer:

The qualitative factor which Fuller will consider for this order is:

b. Cost of setup labor.  

B. Cost of setup Labor: It includes salaries that are been paid to all workers working as full time and part time  

While the number of wages and the number of employees wage requirements vary by cost controls, their industries and the center on achievment of their best results with possible lower labour costs.

As any  leader of the company knows the things related to it that, the most important and biggest cost of doing any sort of  business is often labor. Cost of labor setup, which may account for as 70% of almost total business costs which include wages of the employees,their benefits, payroll and all other taxes related to them.  

Any HR professionals spend only  their 15% of time managing the labor costs. Engaging new employees, hiring new and efficient workers and developing them over their course of their career are always top of mind for HR professionals.

So, the most important point here is the cost labors setup.

8 0
3 years ago
How can a poor housing market put home buyers in a financially unstable position?
Jobisdone [24]
<span>Poor housing market put home buyers in a financially unstable position because when the home value decreases, property taxes and insurance costs increases. Though the amount of the housing is at low cost, taxes and insurance companies get competitive and demanding resulting to inflation over the years.</span>
7 0
4 years ago
Read 2 more answers
Other questions:
  • Prepare adjusting journal entries, as needed, for the following items. (If no entry is required for a transaction/event, select
    15·2 answers
  • Redding Corp. reported the following information in its 2017 annual report (in millions). Plans' assets at fair value, January 1
    13·1 answer
  • Audrey sanborn has just arranged to purchase a $450,000 vacation home in the bahamas with a 20 percent down payment. the mortgag
    7·1 answer
  • Which of the following items will not appear in the operating section of patnode's 2005 indirect method cash flow statement?
    8·1 answer
  • When the sales of a certain brand of diet soda slowed, a national grocery retailer decided to drop the price of that product, wh
    9·1 answer
  • ABC Corporation offered a four-for-one stock split. The number of outstanding shares before the split was 15,000, and the par va
    5·2 answers
  • The government challenged the acquisition by Procter &amp; Gamble (P&amp;G) of Clorox. Clorox was the leading manufacturer of li
    8·2 answers
  • Net cash flow from operating activities for 2021 Altoona Corporation was $300,000. The following items are reported on the finan
    15·1 answer
  • Goodwin Ross Mid Cap Growth is a fund that lets its investors buy ownership in a market basket that contains different securitie
    11·1 answer
  • A general decrease in wages will result primarily in the _____ curve shifting to the _____. aggregate demand; left short-run agg
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!