How will you justify increase in real wages in a predominantly agrarian economy such as Britain after discovery of Atlantic Trade route?  Analyze the effect on real wages in relation to the subsistence wage

Q: Are minimum-wage laws a better explanation forstructural unemployment among teenagers or…

A: Minimum wage laws set the lowest (min) level of wages or the least wages/salaries that must be paid…

Q: Tim Hortons paid its line workers $12 per hour last year when the Consumer Price Index was 100.…

A: Nominal wage can be calculated by using the following formula.

Q: Assume in a two-sector economy made up of agriculture and manufacturing, the government introduces a…

A: If the government imposes a subsidy on labour employed in the manufacturing sector, this reduces the…

Q: Does the rise in automation have to mean that unemployment will grow in the long run? Explain and…

A: Many advances take the form of worker-replacing machines. We hear about self-driving vehicles,…

Q: Explain, with the aid of a diagram, the impact of the imposition of a minimum wage above the…

A: Minimum wages are described as "the bare minimum of remuneration that an employer is compelled to…

Q: Question No. 2 If the demand and supply of labor in the city of Binar is stated as follows: DL =…

A: Businesses require labour and capital as inputs into their manufacturing process to generate goods…

Q: Suppose that the government introduces an EITC such that for the first $8,000 in earnings, the…

A: Taxes are the major source of revenue for the governments. The taxes can be either direct tax or…

Q: What would be the predicted impact on the labor market of a decrease in the productivity of labor?…

A: With the decrease in productivity of labor i.e. decrease in total output produced per unit of labor,…

Q: true or false? Non-monetary aspects to a job can explain why wages may differ given that two…

A: Non-monetary benefits:- Non-monetary remuneration is defined as any sort of non-cash compensation…

Q: You are given the following data on the annual earnings of residents on Examland, according to the…

A: Earning: It refers to the income of the people. The more the earnings of the people the more the…

Q: During periods of expansion, the demand for labor will increase. This causes wages in the econor to…

A: Economic expansion results in economic growth which has the following impact.

Q: What are three factors that determine current labour supply? (Select all that apply.) A. Reservation…

A: Labor supply refers to the availability of the labor in the labor market.

Q: when companies elect to pay wages that are above the going market wage rate, this is likely to cause…

A: Structural employment is defined when there is a mismatch of employment between what the market need…

Q: Explain why the general level of wages is high in the United States and other industrially advanced…

A: Answer - The reason that the general level of wages is high in the United States and other…

Q: suppose the eeoc uses a job-scoring system and determines that the wage rate for a secretary is $50…

A: The wage rate for a secretary = $50 per hour.The competitive labor market wage rate = $10 per hour.

Q: Refer to Figure 4-18. If this graph represents a labor market in a fictional country, which of the…

A: The market refers to a place where the sale and purchase of goods or services take place to fulfill…

Q: Question 10 Wage per Hour 40 SAR Quantity of Labor Supplied 160 Quantity of Labor Demanded 240 220…

A: Given: Minimum wage is 100 SAR per hour.

Q: Why do efficiency wages generate involuntary unemployment? What factors prevent the market from…

A: The efficiency wage theory asserts that productivity of labour can be raised by increasing their…

Q: What problems are associated with contingent work and the underground (informal) economy?

A: Answer - Problems associated with contingent work and the underground (informal) economy :- 1.…

Q: Over the long run, ____________ per hour is the most important determinant of the average wage level…

A: Productivity: The output per hour given by the labourer is called productivity. The productivity is…

Q: here was an increase in demand for im-person shopping what would you expect to happen to equilibrium…

A: When the wage is high, workers want to work, and employers prefer to hire more workers when the wage…

Q: Discuss why we have discouraged workers in the US economy.

A: Answer - The worker has been discouraged in US economy :- 1. Increasing out sourcing :- As…

Q: Some economists believe that new videogames have made leisure time a lot more fun. What might this…

A: Answer: If the videogames have made leisure time more fun then young people will decrease their…

Q: "GROWTH in retail sales slowed as expected during the covid 19 pandemic"  Illustrate and explain,…

A: Answer: It is given that the growth in retail sales slowed as expected during the covid 19 pandemic.…

Q: Illustrate and carefully explain the impact of an increase in the income tax rate from 25 percent to…

A: The demand curve for labour, under the ceteris paribus assumption, shows the amount of labor…

Q: TRUE or FALSE 43. Migration decision of Filipinos is always an economic decision.  44. When wage…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: What reasons do Arnold and Bowie give for doubting Maitland’s claim that improving employee wages…

A: According to Arnold and Bowie, Maitland's assumption that raising employee compensation will…

Q: If a labour market is in equilibrium and contracts are incomplete: Employers are willing to hire any…

A: In the labor market,bit can be said that some of the contracts are incomplete because not all the…

Q: Assume that a economy holds two factors of production, human capital managed by native-born workers…

A: Answer: Introduction: There is an inverse relationship between the supply of labour and the earnings…

Q: true or false? The entrance of more workers into a particular labor market is likely to drive down…

A: The market refers to a place where the sale and purchase of goods or services take place to fulfill…

Q: What are the causes of inflexible or sticky wages

A: Sticky wages are the earnings of workers, which cannot be quickly adjust with the market conditions.

Q: Why should there be a standard work- week rather than a situation in which individual workers are…

A: There are many reasons for a standard workweek instead of free will:- - If there is no standard…

Q: conomic effect of nationwide minimum wage rate

A: A national minimum wage is the minimum compensation is guaranteed for his labor services by the…

Q: Reducing occupational immobility of labor is the only way of decreasing the level of unemployment.…

A: Meaning of Occupational Immobility Of Labor: Here the term immobility of labor describes the…

Q: describe a decline in purchasing power evidenced in an economic environment of rising prices?

A: Nominal income: - Nominal income is the amount of money a person gets as its wage. Real income: -…

Q: the consumer's hours of work? What does this have to say about what we would observe about the…

A: The individual can spend the time available for two purposes: either work, or use it for leisure.

Q: For any given job, how do the economy-wide labour market conditions affect a worker’s bargaining…

A: The labour market, also known as the job market, is the supply and demand for labour, with employees…