Increases in the amount of human capital in theeconomy tend to _________ real incomes becausethey increase the _________ of labor.a. increase; bargaining powerb. increase; productivityc. decrease; bargaining powerd. decrease; productivity

Q: 1.In the goods market, we have prices; in the labor market, we have wages or salaries; in the…

A: Note: In the BNED Guidance, only the first question can be answered at a time. Resend the question…

Q: New Zealand along with many other countries nas a progressive tax system. What is a proaressive tax…

A: A Progressive Tax is defined as a tax that tends to increase the average tax burden with an increase…

Q: 10. Mobility of labour A. O Increases efficiency of labour B. O Spoils labour C. O Increases…

A: To find : Mobility of labor

Q: n the figure above, a shift from D1 to D2 might be caused by a. a decrease in the supply for labor.…

A: Labor: - labor is one of the factors of production, any physical and mental work by humans against a…

Q: Pesto G A Pestoland Pastaland D F Cb. B Pasta In Figure 34-7, it is probably true that wages are…

A: Two countries often engage in a trading situation. The notion of engaging in trading activities is…

Q: W₁ W₂ W₂ 0 3 A. W₂ minus W3 B. W₁ minus W₂ L₁ L₂ L In the above figure, what is the difference…

A: When there is just one significant customer for a given commodity or service, this circumstance is…

Q: Which of the following is not an explanation for the wage gap between workers with college education…

A: College Education: A college education is a form of post-secondary education that typically involves…

Q: 1. If an economy's income inequality increases, then the economy's poverty rate must have increased…

A: The uneven distribution of income among the population is referred to be as income inequality.

Q: Wage/Year W₁ W₂ W₂ W₂ Ws یا A. W2. B. W3. C. W4. D. W5. MFC L3 4 MR 03 MRP Labor/Year Refer to the…

A: MRP or Marginal Revenue Product of the labor signifies the degree of increase in productivity with…

Q: You just got a job in Washington, D.C. You move into an apartment with some acquaintances. All your…

A: Trade between two countries is done when one country is advantageous in the production of a certain…

Q: 10%, the participation rate 60 percent, 200 million people 16 years or older are not in the labor…

A: Labor force consists of employed and unemployed workers. Employed workers are those who are involved…

Q: You are given the following different technologies for producing 100 metres of cloth. 10 9. 8. 7. 1…

A: The markets in the nations are made up of two sides, the demand side, and the supply side. The…

Q: 4. Give one example of something that would increase the labor supply (shift right) and give one…

A: The demand and supply curves intersect each other in the free market at a point called the…

Q: 12 10 8 6 4 2 0 S D 20 40 60 80 100 120 140 Quantity (thousands of workers) Select one: O a. 60,000…

A: Demand curve is the downward sloping curve.Supply curve is the upward sloping curve.Equilibrium is…

Q: 8. All labour is A. O Homogeneous B. O Heterogeneous C. O Lazy D. O Intelligent

A: The work which is being done by a particular worker or the group of workers in exchange for money is…

Q: Refer to the above graph. Under purely competitive abor services, the wage rate will be: OW₁ and Q₁…

A: Marginal resource cost (MRC) measures the change in a firm's total cost of resources due to a change…

Q: 4. The graph below shows the efficient contracts and the contract curve. a. Explain the relationship…

A: Contract curve is the combination of all the pareto efficient points in an edgeworth box. It is the…

Q: Question 4 Andrea Mowry is a knitwear designer, and she has a firm DreaReneeKnits. She uses knitters…

A: The law of declining marginal returns is an economic science theory that states that when an exact…

Q: In 2020 in the United States, only about 10.8% of all workers belonged to a labor union. If union…

A: Labor union: - it is an organized association of workers which workes for the welfare of workers. It…

Q: Productivity is O A. the value of profit divided by the number of production workers O B. the value…

A: Hello, thank you for the question. Since there are multiple questions asked here, only the first…

Q: What is the response in a firm’s labour demand to a fall in the price of capital? How might such a…

A: ANSWER   The markets are the place where the buyers, or the consumers of goods and services tend to…

Q: When a higher fraction of people work in creating new technologies, output falls. O True O False

A: The economics as a study is based upon the idea that the amount of resources which each society, or…

Q: Using natural experiments to evaluate the causal effect of immigration on local labor markets is…

A: Answer is option (D)  Reasons- The biggest disadvantage of immigration generated through massive…

Q: MC $30 $23 $16 $12 D 8. 11 13 Labor Refer to Figure A1. What is the wage set by the monopsonistic…

A: The equilibrium is set up where the MRP =MFC.

Q: If the government of a country determines a very low minimum wage it will lead to O a. More number…

A: The lowest wage rate that the employer can legally pay their employees is the known as minimum wage.

Q: Define economic rent. In the graph below, assume that the market demand curve for labor isinitially…

A: Labor: It refers to the people who work and produces goods and services in the economy. The labor is…

Q: he backward-bending supply curve for låbóur cists- ) Only in inflationary conditions ) Wherever…

A: According to the given question The supply curve is actually in simple words we can say that the…

Q: In a competitive labour market, a boom shifts Select one: O a. the demand for labour to the right,…

A: A competitive labor market is one where the are several workers and employers. The competitive wage…

Q: S2 S1 AC. w3 w2 fa W1 Ke D2 D1 Qb Q1 Qa Quantity of Land Refer to the graph above to answer this…

A: Market is in equilibrium at point where the demand curve intersects with supply curve. The quantity…

Q: On your diagram, illustrate and explain how the wage increase can lead them to have: more…

A: An indifference curve is a graphical representation used in microeconomics to illustrate the…

Q: The figure shows the cost of college for high- and low-productivity workers. Based on the college…

A: Productivity has a positive relationship with the wages of the employees. Once an employees starts…

Q: 10. If the labour supply curve is nearly flat, what will a tax on labour do? a. have a large…

A: The behavioural change that is being induced by the change in the level of tax would tend to have on…

Q: Consider a government which collects tax on wages received by workers to provide public goods. This…

A: Given information Labor demand curve W=400-2L Ls=190 Government imposing tax $10 per unit in…

Q: Suppose that a car dealership wishes to see if efficiency wages will help improve its salespeople’s…

A: A car dealership wishes to see if efficiency wages will help improve its salespeople’s…

Q: Enforceable contracts is a factor that encourages entrepreneurship. True False

A: An entity with the flexibility to translate inventions or technology into product Associate in…

Q: Round eveothing to the nearest.tentiee825 becomes3) Suppose that by opening up to trade the price of…

A: In this case the wage rate to high skilled labour would chnage by 10%(From 200 to 180) and wage rate…

Q: Policymakers sometimes propose laws requiringfirms to give workers certain fringe benefits, such…

A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: How can specialization lead to a division of labor for a business? O A. It guarantees that all…

A: When talking about specialization, it is the situation when a firm is specialized in the production…

Q: WAGE EMPLOYMENT If the demand curve for labor from college graduates is characterized by L. which of…

A: Labor: - labor is one of the factors of production, any physical and mental work by humans against a…