HIST-Discussion-8

Kariega is a small town in the Eastern Cape, surrounded by automotive industry giants such as Volkswagen South Africa and Goodyear. These industries (directly and indirectly) generate thousands of jobs. These jobs vary from more specialised jobs such as production, industrial andelectrical engineers to information technology specialists and nurses to general assembly workersand canteen staff. The community directly surrounding the factories are generally living in informal settlements where poverty and unemployment levels are high and education levels are low. The Eastern Cape is one of the most poverty‐stricken provinces in South Africa and the presence of the automotiveindustry in this area is critical for sustained job provision and continued job creation. Thanks to the engine manufacturing section of the factory and passenger vehicle manufacturing for both the local and export market, additional jobs are also created as certain local components beingrequired for vehicle…

Oman’s market is diversified according to the availability of different goods and services. One of the types of market structure is where market forces are free to operate. Analyse and explain the features of the product which comes under this type of market structure.

Consider an economy which is divided into different sectors, each producing a differentiated product. Workers in each sector are organized in a trade union which monopolizes the supply of labour to all firms in the sector. Because of its monopoly position, the trade union in each sector may dictate the nominal wage rate  to be paid by employers in that sector. However, employers are free to choose the level of employment. For simplicity, assume that the number of working hours for the individual worker is fixed, so total labour input is proportional to the number of workers employed. Workers in sector  are educated and trained to work in that particular sector, so they cannot move to another sector to look for a job. If a worker fails to find a job in his sector, he therefore becomes unemployed. His real income will then be equal to the real rate of unemployment benefit . An employed worker in sector  earns the real wage  where  is an index of the general price level, so his net income…

Question 5 Please Help Me

Immigrants Are Welcome Here: A Case Study of Immigration in Malaysia Monday, April 3rd, 2017 DANIELA BERGMANN In the last year, immigration has captured political and economic debates in numerous countries. Some argue that immigrants displace citizens of the receiving country, while others claim that their tax contributions stimulate economic growth. In spite of these contradictory views, current nationalist movements have made immigration an issue permeated by negativity. This single-sided narrative has set the role of the immigrant as dangerous and harmful to society and the economy. However, evidence suggests that immigration can benefit both immigrant and native workers by decreasing a firm’s costs and increasing production. Özden and Wagner, in their study “Immigrant versus Natives? Displacement and Job Creation,” estimate the impact of immigration on native workers in Malaysia through two effects: the level of substitution between natives and immigrants in the labour market, and…

Immigrants Are Welcome Here: A Case Study of Immigration in Malaysia Monday, April 3rd, 2017 DANIELA BERGMANN In the last year, immigration has captured political and economic debates in numerous countries. Some argue that immigrants displace citizens of the receiving country, while others claim that their tax contributions stimulate economic growth. In spite of these contradictory views, current nationalist movements have made immigration an issue permeated by negativity. This single-sided narrative has set the role of the immigrant as dangerous and harmful to society and the economy. However, evidence suggests that immigration can benefit both immigrant and native workers by decreasing a firm’s costs and increasing production. Özden and Wagner, in their study “Immigrant versus Natives? Displacement and Job Creation,” estimate the impact of immigration on native workers in Malaysia through two effects: the level of substitution between natives and immigrants in the labour market, and…

Immigrants Are Welcome Here: A Case Study of Immigration in Malaysia Monday, April 3rd, 2017 DANIELA BERGMANN In the last year, immigration has captured political and economic debates in numerous countries. Some argue that immigrants displace citizens of the receiving country, while others claim that their tax contributions stimulate economic growth. In spite of these contradictory views, current nationalist movements have made immigration an issue permeated by negativity. This single-sided narrative has set the role of the immigrant as dangerous and harmful to society and the economy. However, evidence suggests that immigration can benefit both immigrant and native workers by decreasing a firm’s costs and increasing production. Özden and Wagner, in their study “Immigrant versus Natives? Displacement and Job Creation,” estimate the impact of immigration on native workers in Malaysia through two effects: the level of substitution between natives and immigrants in the labour market, and…

Discuss the situational factors that suggest the need for specialization and centralization. Provide a specific example of each factor discussed.

Part 2 question: Imagine you are one of the few highly skilled workers in a less developed country. Your country has been increasingly participated in Global Value Chains (GVCs) in the past decades. Is your country’s increasing involvement in GVCs is a good thing for you? Explain why.  [Note: assume that you are primarily concerned about your wages, and you have no intention to migrate to other countries].

The Government of a country has implemented a higher minimum wage in 57 cities and towns effective 1 January 2020. Describe how the new wage will benefit employees in the urban areas and discuss the consequences to the economy of the country.

Which statement best describes how contracts are a key characteristic of the U.S. economy? They eliminate risk for companies in business transactions. They allow government regulation of corporate profits. They restrict competition in the marketplace. They allow both parties to feel secure in a business transaction.

From 1865-1900, the U.S. exploded onto the world stage as a true industrial power. A number of things contributed to the boom, but one of the biggest reasons was the flood of immigrants that entered the U.S. between 1880 and 1910. Why did these immigrants come to the U.S.? How did they enter the U.S.? In what sort of conditions did they live and work? How did other Americans react to them? Most importantly, explain the impact immigration had on the U.S. as a whole in this time period

Please Fill in the blank for the following: is the manufacturing and/or sale of goods and/or services to satisfy the wants and needs of consumers to make a profit.  ___   The domestic ________________________ is comprised of customers who live in the country where the business operates. Industries characterized by providing services to consumers and other businesses are known as ______________industries. A factory owned by a company based in another country is called a _________________ plant. The reliance of two or more nations on each other for products or services is referred to as  ________________________ A(n) ________________________ market is comprised of customers who live in a different country than the one where the business operates. The type of business that creates, ships, and sells goods and services between producers, companies, and consumers located in different countries is an __________________ business.

List down the main ingredients or raw materials in manufacturing the Ferrari sports car. Identify the corresponding country from which each ingredient or raw material came

Question 2 Which of the following is the main argument for why efficiency wages can help encourage workers to provide full effort on a job? Workers do not understand that high-wage workers do not need to work hard to maintain their job. Workers do not want to risk becoming unemployed when there is a reserve of involuntary unemployed workers willing to take their job that pays above the competitive wage. When the efficiency wage is less than the competitive wage, workers work harder in order to convince other firms to hire them away at the higher, competitive wage. Management hires fewer workers at a higher efficiency wage, and therefore all workers must work harder.

It is important to consider multiple perspectives on this issue. From an economic standpoint, proponents of free trade argue that competition, even if it comes from low-wage countries, can benefit consumers by providing access to cheaper goods and a wider variety of products. This can lead to increased purchasing power and a higher standard of living for consumers. In terms of the interests of the people represented by unions, their primary concern is often job protection and ensuring favorable working conditions. Unions may believe that restricting imports or advocating for trade barriers is necessary to safeguard jobs and maintain higher wages for their members. They may argue that protecting domestic industries from foreign competition is crucial for preserving employment opportunities and supporting local economies. Assessing the best interests of the people and the country as a whole is subjective and can vary depending on various factors such as the specific industry, the overall…

Suppose that the demand curve of the labor market is p=105-q. where p is the price of labor (wage) and q is the number of workers employed. There are 100 people who are willing to work for any wage. In this situation, the unemployment rate (UR) has been recorded at 5%. This means that the current wages are at a level where the UR is 5%. Now, suppose the government sets a policy goal of raising the current wage rate by 20%. We can expect this policy to change the UR from 5% to (1)_-. %.

Suppose the labour market is summarised as: Demand: P = 100-Q Supply: P = Q The government imposes a minimum wage. However, consumers (firms) are unsurprisingly unhappy with the increase in wages and are negotiating with labour unions to return to the equilibrium wage. The union will agree to this if firms offer a lump sum transfer to producers (workers) equivalent to the maximum firms are willing to give, $1069.5. How much was the minimum wage? a. $97 b. $81. c. $73 d. $87

In an increasingly connected world, countries are engaging with global markets more than ever before. As a result, global wealth is shifting towards emerging markets. This megatrend—a global trend with sustained impacts—is profoundly influencing everyday life, society, and business. globalization has lifted many developing economies—most have seen expanding industrial performance and improving standards of living, particularly so in emerging economies.  The emergence of a sizeable, aspirational middle class, particularly in China, has made it an important destination for global companies. Indisputably, trends can change. Still, presently, we continue to expect emerging markets to offer significant growth potential for domestic and multinational firms. Hence, understanding international business activities, flows,  relationships requires understanding the economic power shifting to emerging economies. Key analytics include who they are, how they grow, the corresponding opportunities and…

I feel that the strongest moral consideration in favor of capitalism would be the freedom to pursue a business for private ownership or have private ownership of your own business by building it from the ground up. If you want to start your own business, you can do that. If you are interested in a specific job, you can figure out a plan to get yourself educated in that field, prove your worth through applying and interviewing, and you can eventually find yourself in that dream position through persistence and hard work. At the end of the day, it all depends on what you want to do. All of the pressure is on you to create the future you ideally want through the choices you make in the current market. I feel the strongest objection to capitalism is oftentimes the large majority of the profits go to the higher-up executives in many large companies. With the freedom of conducting business, upper management has the ability to control wages the way they feel necessary, which means the…

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Select all of the following that accurately describe creditor and debtor rights: Group of answer choices One example of a creditor right is the right to repossess collateralized assets. Increasing creditor rights will tend to increase interest rates, but the effect on quantity is unknown. One example of a debtor right is the right to garnish wages. Increasing debtor rights will tend to increase interest rates, but the effect on quantity is unknown.

“Developing and sustaining Employee Relations & Engagement has been emerging as the heart of HRM”. Based on the reading titled “Becoming irresistible: A new model for employee engagement: Deloitte Insights, 2015” (Refer to the link below), answer the following questions:                              A new model for employee engagement | Deloitte Insights 1. What according to you should be the ways of building positive relationships at work and developing effective employee engagement initiative? Based on your understanding,design an effective employee engagement plan for any firm of your choice. Mention assumptions made, where ever necessary.

How does the coronavirus affect the labor market in France? (Keyword: employment and unemployment in major industries, workforce, skilled and unskilled workers, wage, unemployment insurance, etc.)

Which of the following statements is correct? [Select one answer]   Chronic poor are those whose incomes on average are above the poverty line but they never escape poverty. No option is correct Persistent poor are those whose incomes on average are below the poverty line but they never escape poverty. Transient poor are those whose incomes on average are below the poverty line but they may escape poverty sometimes.

(5).

Assume the role of CEO of a company. In anticipation of the upcoming quarterly disclosure of profits, you prepare your Board of Directors for the pressure that cost-push inflation is having on profits. There will be some erosion of profits. All America Grocery Inc.We serve communities in the middle of the income market, providing low prices for all basic grocery needs. Our modest-income consumers expect good deals on good quality foods. The Covid-19 pandemic has put upward pressure on the price of everything we sell. Cost-push inflation from multiple sources is impacting our operating cost and our cost of goods. We are both fortunate and unfortunate that the price elasticity of demand for food is .20. Is the demand curve for your product relatively elastic, inelastic, or unitary elastic? Demonstrate this for your company's product by how much the quantity demanded will change if you pass on the 10% increase in cost. In other words, prepare a forecast showing by what percentage the…

How do I rewrite this Rwanda has guarded its political stability since the 1994 genocide against the Tutsi. Parliamentary elections in September 2018 saw women fill 61% of seats, the Rwandan Patriotic Front maintain an absolute majority, and two opposition parties, the Democratic Green Party of Rwanda and Social Party, Imberakuri, win two seats each. President Paul Kagame was re-elected for a seven-year term in August 2018, after an amendment to the constitution allowed him to run for a third term (World Bank, 2023). Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

The COVID-19 pandemic has adversely affected international travel and also had an impact on globalisation. There are also increasingly serious global political issues emerging including; great power rivalry, renewed border disputes and other political tensions flaring up in different parts of the world.    Required: From an institution-based perspective, how are national and international politics likely to influence future paths of globalization?

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The South African economy has been struggling for a number of years. This has (in part) led to continued increases to the price of fuel and subsequently an increase ‐ to the cost of living. Understandably, unions have been at the forefront in fighting for living wages for their members,both in terms of legislated minimum wages and annual wage increases during collective bargaining.   Critically discuss how union demand for increased wages may add to tensions between government and organised labour.(15 bullets)