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3 years ago

If workers are more educated, then short-run aggregate supply ___________.

Business

1 answer:

Yakvenalex [24]3 years ago

5 0

Answer:

O will increase and output and price level will increase as well.

Explanation:

If workers are more educated, the productivity of the country will increase, increasing total output. As investment in training increases, so thus the workers' capacity to perform more efficiently. Also, when the demand for better (or more) trained workers increases, the salary level will also increase. As workers gain training and/or experience, their salaries increase, e.g. on average, a person with a college degree earns much more than someone with just a high school degree. This increase in the level of salaries will lead to an increase in the general price level.

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Suppose that workers from northern Minnesota, North Dakota, and Montana decide to emigrate to southern Canada. Refer to Scenario

irga5000 [103]

Answer:

c. The equilibrium wage will rise, and the equilibrium quantity of labor will fall

Explanation:

Because of the emigration of workers from the Northern Minnesota to Southern Canada, the equilibrium wage rates will rise and quantity of labor will fall.

This happens because the workers that left have already created a vacuum that will be eager to be filled by their employers who will be willing to increase wages for incoming workers to serve two purposes:

1. To entice them to work for the company and fill the vacuum

2. To try to make sure they stay and not leave another vacuum.

The reason the quantity of labour will fall is because of that vacuum created by the departed workers. It's this drop in labor that will make the equilibrium wages to increase.

7 0

3 years ago

Read 2 more answers

According to Aristotle’s three critical elements of good communication, what equates to logic?

allsm [11]

Ethos, pathos, and logos are identified by Aristotle as the three critical elements of good communication. hope it helps. God bless!

7 0

4 years ago

A company releases a five-year bond with a face value of $1000 and coupons paid semiannually. If market interest rates imply a

maria [59]

Answer:

B) 12%

Explanation:

As we know that the coupon rate and YTM is equal if it is sold at par. If the coupon rate is less than the YTM than the bond is sold at discount and if the coupon rate is more than the YTM than the bond is sold at premium

Since the question is asking about the coupon rate if the bond is sold at premium so the coupon rate would be higher than the YTM.

So, the coupon rate would be 12%

8 0

4 years ago

Oct. 1 Stockholders invest $33,540 in exchange for common stock of the corporation 2 Hires an administrative assistant at an ann

harina [27]

Answer and Explanation:

The Journal entries are prepared below:-

1. Cash Dr, $33,540

To Common Stock $33,540

(Being the common stock issued is recorded)

2. No journal entry is required as the agreement has been entered

3. Office furniture Dr, $3,690

To Accounts payable $3,690

(Being the service revenue earned is recorded)

4. Accounts receivable Dr, $11,190

To Service revenue $11,190

(Being the service revenue earned is recorded)

5. Cash Dr, $155

To Service revenue $155

(Being the service revenue earned is recorded)

6. Accounts Payable Dr, $660

To Cash $660

(Being the payment of office furniture purchased is recorded)

7. Salary expense Dr, $3,460

To Cash $3,460

(Being the salaries paid to administrative staff is recorded)

5 0

4 years ago

Jenna works at the grocery store and earns $9 an hour. She is busy with extracurricular activities and only works 20 hours durin

german

Answer:

earnings/per year - cost/per year - taxes = profits

Explanation:

20 h /week a year has 4 weeks 20*52=1040 h/month

8h /1sunday a year she only work 12 sundays 8h*12=96h

$9 /h earnings

$1000 fixed costs

$1500 travel

20% taxes

1040+96= 1136h/year

1136*9= 10224 $/year total earnings

10224-1000-1500=7724 profits before interest and taxes

7724*(1-0.20)=6179.20 total profits

7 0

3 years ago