The answer is B. The Jews.
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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Answer:
The correct answer is option D.
Explanation:
Living on less than $1.25 a day gives 40% of India's population one of the lowest standards of living in the world. As a result, in India, the population face serious social issues such as high disease and death rates, poor educational standards, no birth planification what leads to overpopulation, etc.
unemployment rate is 3%
the labor force participation rate is 22%
Ken seems to have a feeling extroverted personality. A
person with an extrovert personality is likely to be a person who is outgoing
and friendly, the person is likely to be energized and happy around with other
people rather than an introvert who is opposite of an extrovert. It could be
seen in the scenario above as Ken tend to be more friendly and outgoing around
people.
