Answer:
the answer is as follows
Explanation:
First of defining real wages is a cumbersome process. The living wage calculator developed by MIT professor Amy Glasemeier in 2004 eased the way a little but that too has it's issues.
The paper you are trying to write should start with this that how the idea of living wages is in itself difficult to be adopted as it is. Second the free market approach has been more successful in the economic history and a lot of evidence and data is available on that. The analysis that your paper will develop should outline the concerns that mainstream economists have regarding living wages and support it with some actual data.
The presentation would be rather easy after writing the paper. Which will include some graphs and data and some scholarly citations and it should work.
Answer:
The options in the question are not well aligned,find below question with properly aligned options:
A subsistence economy is one that ________.
a. meets its needs without working for wages and purchasing necessities
b. meets its needs by overfishing lakes and rivers
c. purchases resources for immediate use
d. meets is needs while causing ecosystem destruction
e. purchases goods and services from others
Hence the correct option is A,meets its needs without working for wages and purchasing necessities
Explanation:
In a subsistence economy,every household provides for its own basic needs,without any need for specialization that leads to exchange.
Specialization is act of engaging in what one knows how to do best, that way efficiency and effectiveness are guaranteed, as every output would have been given a professional touch.
Exchange is the process by which individuals buys their needs from others using money earned from their own specialty as a medium of exchange
Answer: A bachelor's degree in an art related field
Explanation: Like most art related careers, you need a strong art portfolio to getting an art related job.
Answer:
will decrease by $400 billion and the price level will fall
Answer:
c) 60% of direct labour cost
Explanation:
<em>I</em><u><em>ndirect costs are also known as overheads</em></u><em>. They are costs which are not incurred directly for the service been rendered. These costs can allocated to the cost of the core service using the direct labour cost basis as requested by the question.</em>
<em>To ascertain the indirect costs rate, we use the formula below:</em>
Indirect cost rate = (Indirect cost/Direct labour cost) × 100
From the question,
<em>Indirect cost = total cost less the direct labour cost</em>
Indirect cost = $4,000,000 - 2,500,000
= $1,500,000
Indirect cost rate = Indirect cost/Direct labour cost × 100
= 1,500,000/2,500,000 × 100
= 60% of direct labour cost
