Government Protection is a benefit of the American Free Enterprise System as best represented by the statement above in regards to serious illness or injury.
As the wage rate increases, the quantity of labor supplied by an individual worker will raise the quantity of labor supplied through the substitution effect.
For labor supply, the substitution effect is always positive.
It means that a higher wage rate always induces a greater quantity of labor supplied. For any worker, the substitution effect of a wage increament will always reduces the amount of leisure time consumed by him and increases the amount of time which is spent on working.
A higher wage thus produces a positive substitution effect on labor supply.
With the increase in the labor supply the supply curve for labor will move upward.
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Answer:
C. and D.
Explanation:
<em>An Objection is when a certain something strongly disagrees with a reasoning But that reasoning can be very challanging to be dealt with. an expression or feeling of disapproval or opposition; a reason for disagreeing.</em>
Answer:
The finest veal is milk-fed.
Explanation:
People in poverty, generally, have not been able to obtain higher levels of education. This is bad for business because modern companies need qualified workers to develop and perform better. ...in fact, most poor people work and whenever they have a health problem, that affects the company they work for.<span />