Max Weber believed that! You might find more answers to your other questions on a quizlet i found. https://quizlet.com/177714831/kin-249-quiz-2-flash-cards/
Answer:
Paying higher sometimes cause a dip in supply because they raise the cost of production.
Explanation:
Once the wages are raised, the capital that could have been used to obtain supplies now goes to the wages.
The supply sector dips thereby leading to low production and at last low returns.
Foe instance if wages of workers in a sugar factory are raise, then the supply shall decrease due to the extra capital that shall be spent on the wages.
Answer:
Reduce, increase
Explanation:
If a high inflation rate leads people to reduce their money holdings, this may lead to a further increase in the money supply and increase inflation.
Inflation will cause individuals to spend more more money thus the tendency to reduce money holding to meet cash spending. This in turn will lead to increased cash in circulation and thus increase in inflation.
Explanation:
the personnel of a business or organization, regarded as a significant asset in terms of skills and abilities
He was effective as a general because of his tactics, understatement of the rival forces.
