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Mkey [24]
3 years ago
6

Because the efficiency wage is _____ the equilibrium wage, it may lead to a _____ of labor. below; surplus above; shortage below

; shortage above; surplus
Business
1 answer:
Iteru [2.4K]3 years ago
4 0

Answer: above; surplus

Explanation:

Because the efficiency wage is above the equilibrium wage, it may lead to a supply of labor.

Since the efficiency wage as given in th question is more than the equilibrium wages, this will lead to a surplus of labor as there will be more people that are willing to work due to the increase in wages. This will turn lead to increase in supply and this will lead to surplus of labor as supply is more than demand.

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If the government imposes a price floor on wheat at $5 and agrees to purchase any surpluses, how much will the government be for
eimsori [14]
<span>The answer is that the government will be forced to spend $15,000,000.
government imposes a price floor on wheat at $5 
there will be a surplus of $3,000,000
</span><span>the government will be forced to spend = $5 x $3,000,000 = $15,000,000</span>
7 0
4 years ago
What new deal programs provided relief for unemployment?
frosja888 [35]
Civillian Conservation Corps (CCC)

Federal Emergency Relief Act (FERA)

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hope this helps



7 0
3 years ago
Evaluate the following​ statement: Banks use deposits to make consumer loans to households and commercial loans to businesses. B
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To night it is fffffffffffffalse
3 0
4 years ago
Governments would decrease government expenditures to fight a/an ______________ gap. Due to this change in G, the budget balance
dlinn [17]

Governments would decrease government expenditures to fight an inflationary gap and due to this change in G, the budget balance (BB) would reduce.

<h3>What is budget?</h3>

It should be noted that a budget simply shows the revenue and expenditure for a period of time.

In this case, governments would decrease government expenditures to fight an inflationary gap and due to this change in G, the budget balance would reduce.

Learn more about budget on:

brainly.com/question/6663636

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4 0
2 years ago
Lumberne is a continent comprising 18 countries. Currently, Lumberne is a free trade area and an economic union including all 18
PIT_PIT [208]

Answer:

political union.

Explanation:

Political Union is defined as a political entity that is made up of different states. Usually the different stages come together to form. The political Union in a process called unification.

Lumberne is a continent comprising 18 countries.each country is politically independent, governments of at least 12 countries are negotiating to form a common government. Lumberne is a free trade area and an economic union including all 18 countries as members of free trade.

This is an example of a political Union.

7 0
3 years ago
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