<span>The farmer is better off being a farmer. After 1 year the farmer will have made 900,000 off of 300,000 baskets. Minus the lease of land and payment of workers, the farmer will have over 650,000. Leave that in the bank and do it another year, interest at 22% would net around 147,000. Add that to 650kx2. That equals a little over 1.4 million. So in closing, farmer is more lucrative than shoe salesman.</span>
According to efficiency wage theory the increase in wages will raise productivity but increase unemployment.
Explanation:
Salaries for productivity are greater than salaries of harmony. They increase productivity, but also create a labour surplus that creates greater unemployment.
The Efficiency Pay Theory states that businesses can operate efficiently and make them more competitive by paying salaries that surpass the margin.
Across four ways, businesses will benefit from productivity wages : increased workloads, reduced employee turnover, better quality workers, and healthier personnel. There are three different theories.
The idea behind the principle of effectiveness is that higher salaries can lead to increased efficiency, as employees are more motivated to work for greater salaries. In principle, higher pay can lead to higher labour productivity. The salary increases will cover themselves in this situation.
Explanation:
Tacoma charge will change the use of plastic bags because Customers will no longer be able to have curbside pickup for plastic bags. While the deadweight loss created by plastic bag will change because
plastic bags are overconsumed and they are underpriced and the marginal cost curve of production will be very flat due to the low cost of production of plastic bags.
Answer:
A and D
Explanation:
If a periodic sum is to be paid or received, an annuity must be used since this means a series of uniform payments, therefore in addition to this and the time an interest rate is required to find the present value of the payments you must use in excel PV (present value) function and you need aside these data an interest rate.
Answer:
All of the options.
Explanation:
Professor Robert Baron Triffin was born on the 5th of October, 1911 in Flobecq, Belgium. He was a Belgian-American economist who became famous for his criticism of the Bretton Woods system of fixed currency exchange rates when he appeared and testified before the US Congress in 1959.
The Triffin paradox:
1. Warned that the gold-exchange system of the Bretton Woods agreement was programmed to collapse in the long run.
2. Was indeed responsible for the eventual collapse of the dollar-based gold-exchange system in the early 1970s.
3. Was first proposed by Professor Robert Triffin.