Who was Karl Max reffering to when he wrote about the “proletariat”?

Q: what are the factors that will lead to an increase in demand for workers in an economy?

A: There are many factors that could lead to an increase in the demand for labor. Some of them are: 1.…

Q: All of the following affect the labor market EXCEPT Social change O population shifts the economy…

A: A labor market basically refers to a gathering place for workers and employers to engage.Employers…

Q: How do I find the real wage equilibrium on a labor market equilibrium?

A: The equilibrium real wage rate is found out at the intersection of the supply and demand for labour.…

Q: When Marx writes of labour and its values, he focusses on socially necessary labour. why?

A: Socially necessary labour In Marx's criticism of political economics, socially necessary labor time…

Q: How does immigration of workers affect labor supply, labor demand, the marginal product of labor,…

A: Immigration refers to the shifting of the labor from the rural areas to the urban in search of…

Q: In a competitive labour market, businesses seek to maximize profits at the least cost (ie.…

A: In a competitive labor market , a firm maximizes its profits and optimizes its input costs at the…

Q: About what proportion of the variation of wages across workers is explained by factors that can be…

A: The wages are payments that the workers receive for their services. For permanent workers these…

Q: Do each of the following shift labor demand or labor supply? An increase in the labor force? an…

A: Shift in the labor demand curve occurs because of different reasons such as change in quantity…

Q: ppose that a large number of U.S.actuaries decide to take employment in Europe due to better…

A:

Q: Why might wages and employment be lower in a monopsony than in a perfectly competitive labour…

A: We've observed that in Monopsony, wages are lower than in otherwise competitive labor markets.…

Q: How do quits and layoffs help improve labor market efficiency?

A: Generally both the quits and layoffs are frequently observed in the labor markets. This is mainly…

Q: Consider an economy with two labor markets: one for manufacturing workers and one for service…

A: The labour market, applies to the production and availability of labour wherein the production is…

Q: What industry does China have a labor shortage. Explain

A: China is experiencing a growing labor shortage, putting pressure on the manufacturing sector. While…

Q: Discrimination in the labour market The following table lists the name, height, and minimum wage 10…

A: They are the factor payment received for providing labor services. They are usually paid in…

Q: Describe Dual labor market theory?

A: Labor market refers to the employment sector of the economy, where the jobs are available as per the…

Q: In the world, What are the economic, social and historical reasons that were effective in the…

A: Economic reason for labor law was wage inequality.

Q: Workers are worse off when they face a monopsonistic labor market.

A: Monopsony labor market is a market in which there is only one employer. A monopsony operates on the…

Q: Among the advanced economies, which country has the highest unionization rate? O Iceland O Japan…

A: There are rural as well as urban areas around the world. Rural areas include mostly villages and…

Q: What is Dual labor market theory?

A: Labor market depicts the supply and demand of labor in the market. The intersection of both the…

Q: What is the difference between work and wages in the USA compared to other countries? What info…

A: Wages: it is the amount of money any workers get in order to do any work. Work: Work can be measured…

Q: How did the key institu- tions and goals of the labor movement change, and what gains and losses…

A: Originally key institutions and goals of the labor were to unify against the growing industrial…

Q: Karl Marx argued that an 'Industrial Reserve Army of the Unemployed' would be produced by capitalism…

A: a). There are valid justifications why capitalism produces and reproduces unemployment after some…

Q: Discrimination in the labour market   This is my last chance please have the right solution The…

A: The Lowest wage that the law firm can pay to hire five personal assistants would be when these five…

Q: Why are coal miners paid more than other workerswith similar amounts of education?

A: Wage differential describes the situation where different jobs are paid different wages depending…

Q: In ABC garments factory, a worker named Mr. Belal has been coming late to work every day. The…

A: Hey champ,Welcome to this platform. Here you will get the answer with better quality in minimum…

Q: Why do you think it is that not allworkers are members of laborunions?

A: Labor unions can be understood as an association of workers that works to protect the interest of…

Q: Based on the figure below, which movement could be caused by an increase in the wages of oil…

A: There are many factors that shift the supply curve, one of which is cost of production.

Q: The lowest wage that the law firm can pay to hire five personal assistants is $ per…

A: Lowest wage = $388 (Employees who will work at this wage are: Andrew, Kyoko, Rina, Jacques and…

Q: Can you answer this question with a drawing of both diagrams, in a model of the labour market, both…

A: Equilibrium in the labor market can be explained through following relations : Price Setting…

Q: What would you expect to happen to wages in a monopsonistic labor market?

A: A monopsony is a business environment in which only one purchaser, the monopsonist, is present. A…

Q: Who are the key actors in the labor market? What motives do economists typically assign to workers…

A: Labor market is a structure where the commodity supplied in the form of labor is provided by the…

Q: How do wages affect labor supply?

A: The labor is an important factor of production and the wage is the income earned by labor for…

Q: If birth rates go up, what happens to the size of the labor force in the future?

A: Birth-rate is defined in a standard way is the increment in new lives among thousands of population…

Q: How useful is the dual labor market perspective?

A: The hypothesis that the American economy, or labour market, is divided into two categories: the…

Q: how does the demand and supply for labour affect the wage rate of workers?

A: The labor market determines how the interaction between the workers and the employers determines the…

Q: What is a perfectly competitive labor market?

A: A perfectly competitive market will be one in which the firm have no power to impact the price of…

Q: the monopsonistic labor market, the MRC L = P L (wage). true or false?

A: When there is only one buyer or, in the case of the labor market, only one employer, the market is…