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3 years ago

About what proportion of the variation of wages across workers is explained by factors that can be

Advanced Placement (AP)

1 answer:

egoroff_w [7]3 years ago

4 0

Explanation:

Easy Measuring of the wages could be from data collected such as from the International Labour Organization. They compare wages from state-to-state, country-to-country and from men-to-women in the workplace.

Hard factors explaining wage differences come from classical economic theory (standard) and labour market imperfections due to varying circumstances from country to country. This is largely due to the differing economic standards and regulations that are ran by different countries

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Assume gasoline is sold in a competitive market, the equilibrium price is $50 per barrel, and the equilibrium quantity is 1000 b

sp2606 [1]

Answer:

(a) Please find attached, the required graph showing the equilibrium price at $50 per barrel

(b) There will be a shortage

(d) When there is an increase in the price of gasoline operated automobiles, there would be a downward shift in demand while supply would remain constant, and the equilibrium price will decrease

(e) The combined effect will be a further reduction in the price per barrel

Explanation:

The equilibrium price

(a) Please find attached, the required graph

(b) As shown on the graph, in a competitive market, at a price of $40 per barrel, there will be a shortage in the market due to the amount of money available will be more than the total price of the number of barrel for sale, because the equilibrium price at which the amount of money available in the market is equal to the total price of the barrels supplied gives the amount of money people a willing and able to spend on a barrel

(c) If new oil is discovered, the number of barrels supplied will be more than the amount of money available to purchase a barrel and the equilibrium price will drop

(d) When there is an increase in the price of gasoline operated automobiles, there would be a downward shift in demand while supply would remain constant, and the equilibrium price will decrease

(e) If both oil is discovered and there is an increase in the price of as operated vehicles, the result will be a further reduction in the price of a barrel of oil

8 0

3 years ago

Suppose R and Q are two events such that P(R)= .14, P(Q) = .52, and P(R∩Q)= .20, find P(RUQ), are the events mutually exclusive

saw5 [17]

Answer:

P(R I Q) = P(RnQ) / P(Q) = 0.1 Therefore P(RnQ) = 0.1 X 0.35 = 0.035 (The intersection in the centre of a Venn Diagram)

P(RnQ') = 0.15 In a Venn Diagram this is R but excluding the centre intersection with Q. Therefore P(R) = P(RnQ') + P(RnQ) = 0.15 + 0.035 = 0.185

P(RUQ) = 0.15 + 0.035 + 0.315 = 0.5 so 0.5 must be outside the Venn Diagram circles.

Explanation:

hope this helps

4 0

3 years ago

Which of the following is NOT one of the ways of neutralizing deviance?

raketka [301]

Answer:

<em>Denial Of Presence</em>

There's 5 total neutralization methods and that one isn't listed

6 0

3 years ago

Which of the following helps foster access to knowledge in a country, thereby promoting its development?

Leto [7]

Answer:

B, Public spending on education.

Explanation:

If a county's has a free and public education system the more children have access to knowledge which will promote high development rates within the country.

7 0

3 years ago

Describe the communist revolution in China and its impact on the united states

ivann1987 [24]

The USA government didn't officially regognize continental communist China until 1970. However, America recognized the Republic of China in Taiwan. The USA had no relationships with continental China for many years but it kept strong and solid commercial and diplomatic links with Taiwan (The Republic of China).

5 0

3 years ago