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Lilit [14]
3 years ago
8

According to the market theory of wage determination, under what circumstances will wages for a particular group be highest?

Business
2 answers:
Serhud [2]3 years ago
7 0

Answer:

Wages for a particular group will be highest when demand is high, and supply is low

<u>Explanation:</u>

The market theory of wage determination is the hypothesis that payments that are, the cost of work, are resolved like all costs by the organic market. Along these lines, when laborers sell their work, the value they can charge is mostly impacted by Supply the number of laborers accessible and demand number of laborers required.  

 When businesses can not discover enough specialists to address their issues, they will continue raising their pay offers until more laborers are pulled in. When laborers are in wealth, at that point, wages will fall until the surplus work chooses to go somewhere else looking for employment.

Scrat [10]3 years ago
6 0

Answer:

The answer is C

Explanation:

When all things are equal.

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Automobile insurance companies have a problem with people who buy insurance and then drive recklessly or take less care to avoid
Sergio039 [100]
I think the proper term is "moral hazard"
4 0
3 years ago
__________ is the management function that involves determining whether an organization is progressing toward its goals, rewardi
IRISSAK [1]

Answer:

Controlling

Explanation:

One of the various responsibilities of a manager (management function) is controlling.

In the controlling function, which is usually preceded by other functions such as planning, staffing and leading, it is very important for a manager to control the activities of the subordinates to ensure that they are working towards organization goals, as well as rewarding employees for their good works and also putting them in check when they do not do a good job.

Cheers.

5 0
2 years ago
Suppose a government has no debt and a balanced budget. Suddenly it decides to spend $4 trillion while raising only $3 trillion
Nady [450]

Answer:

$40 billion

Explanation:

Data provided in the question:

Amount spend by government = $4 trillion

Amount raised by Taxes = $3 trillion

Interest rate = 4%

Now,

The bonds to be raised by the government

= Amount spend by government - Amount raised by Taxes

= $4 trillion - $3 trillion

= $1 trillion

or

= $1000 billion

Therefore,

The interest paid by the government each year

= Amount of bonds × Interest rate

= $1000 billion × 0.04

= $40 billion

6 0
3 years ago
Which of the statements below are correct regarding cost of goods sold?
Leona [35]

Answer:Cost of goods sold is the expense of buying and preparing merchandise.

Explanation:

3 0
2 years ago
This year, Clark leased a car to drive between his office and various work sites. Clark carefully recorded that he drove the car
Gekata [30.6K]

Answer:

The total amount of expenses Clark can deduct as business expenses:

a) $7,200

Explanation:

The total deductible business expenses can be expressed as;

T=O+L

where;

T=Total deductible business expenses

O=operating expenses

L=lease payments

In our case;

T=unknown

O=$2,700

L=$4,500

replacing;

T=2,700+4,500=7,200

The total amount of expenses Clark can deduct as business expenses=$7,200

5 0
3 years ago
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