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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Felons and ex-felons, and new immigrants who are not yet citizens, are included in the voting-age population. In approximating voter turnout, the voting age population for a political unit is regularly used as the denominator for the amount of individuals eligible to vote in a given appointment which is this technique has been shown to drop in accuracy when a larger proportion of the voting-age population is unqualified to vote.
Lewis and Clark's achievements were extensive. It transformed North America's colonial battle for power, a particularity of the northwest Pacific. In the areas known today as Oregon and Washington, the US was reinforced.
Answer: World War II
Fascism developed in Italy primarily under the leader Benito Mussolini. It is associated with three political parties led by Mussolini: the Fascist Revolutionary Party (PFR) founded in 1915, the succeeding National Fascist Party (PNF), from 1921 to 1943 and the Republican Fascist Party from 1943 to 1945.
Italian fascism promoted Italian nationalism, syndicalism and national expansion. At the same time, it opposed liberalism and Marxist socialism. It also shared the racial overtones of Nazi ideology, and considered Italy the glorious descendant of Ancient Rome.
You and your friend would be creating a partnership.
