The ratchet effect refers to a situation where workers subject to performance pay choose to restrict their output, because they rationally anticipate that firms will respond to higher output levels by raising output requirements or cutting pay.
Im great thanks for asking :)
I dont know what I will eat tomorrow. Due to my extremely busy scheduel, I will be lucky enough if I get the chance to provide my body with ANY food. Today, I went to school, then work, and I have been doing work and school work for the past 6 hours :)
The correct answer to this open question is the following.
You did not provide any excerpt, text, reference, or context to answer this question. That makes it difficult to exactly what you are referring to.
However, trying to help you and doing some research we can say the following.
One historical event or development in the period 1830 to 1860 that is not explicitly mentioned that could be used to support Hahn’s interpretation is how the United States became the engine of the ecom¿nomy of the planet because of its industrial capacity. How the Gross Domestic Product grew and the many opportunities the US offered to immigrants to work in major industries such as the Standard Oil Company of John F. Rockefeller, or the Steel company of Andrew Carnegie.
Innovations and the use of technology helped industries to earn more profits and invest that money in the creation of jobs and the spread of their operations nationwide.
I- what? This a whole bunchhh
True. It shows a level of responsibility to think ahead and be prepared. It also shows the landlord that you are good with handling your money It gives a way for the property owner or landlord, to be able to recover from any damages or loss in rents. It also shows banks a strenght in the fact that you are operating good business practices. There are more but that is just a few.
