The correct answers are A. And D. Trade in Africa, Europe and Asia was booming and Greece was expanding its empire under the Alexander leadership. Alexandria in Egypt became the center of knowlege with the famous library that still stands today.
Efficiency wages may cause a <u>surplus</u> of labor because they are <u>above</u> the equilibrium wage.
The efficiency wage is higher than the equilibrium wage, which might result in a labor supply.
Since the efficiency wage in question is higher than equilibrium wages, there will be a labor surplus since more individuals will be eager to work as a result of the wage rise. Due to the fact that supply is more than demand, this will result in a rise in supply and an excess of labor.
There is a labor surplus in the sense that a sizeable segment of the work force produces less than it consumes and its marginal product is below the wage agreed upon via negotiation.
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The appropriate response is mirror-image perceptions. It is a corresponding perspective of each other regularly held by gatherings in the struggle; for instance, each may see itself as good and peace-cherishing and alternate as insidious and forceful.
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