Explain in your own words the reason for wage rigidity?

Q: have led to employment polarization. Which of the following is NOT consistent with employment…

A: Change in technology and globalization are the main driven forces for employment polarization.

Q: who is incharge of wage diecisons in a business?

A: Wages refer to the payment received by the employees for rendering factor services to the employers.…

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A: The reservation wage of a worker is the minimum wage that is required to make the worker willing to…

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A: Efficiency wages refers to the employers paying more wages to the workers. This means that the wages…

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Q: What does job rationing create? Job rationing creates a O A. surplus of labor O B. surplus of jobs O…

A: Job rationing occurs when the real wage rate is greater than the equilibrium wage rate.

Q: Which of the following statements is false? Sticky wage theories presume that the main cause of…

A: Statement 1 is true- Wages can be stifled for a variety of reasons, including labor unions and…

Q: What do we mean when we say that MRP is based on dependent demand?

A: MRP (Material Requirements Planning) is a computer-based inventory management system designed to…

Q: Show the likely effects on price- and/or wage-setting behaviour as reflected in the WS/PS diagram of…

A: Hi. since there are multiple questions we will solve the first three questions.    WS is wage…

Q: Why a sizeable part of the female and male wage differential might be attributable to 'supply side'…

A: The gender pay gap, also known as the wage gap, is the average difference in pay between men and…

Q: Since 1960 there has been a substantial increase in unemployment rates in major European countries.…

A: The unemployment refers to the phenomenon in which the people who are willing to work at the…

Q: Analyze and explain the effect of the minimum wage law on the unemployment rate. Explain your answer…

A: Analyze and explain the effect of the minimum wage law on the unemployment rate. Answer: The minimum…

Q: Leo runs a bicycle repair shop. He recently examined information on wage and employment levelsand…

A: The real wages are refers to the nominal wage rates which have been adjusted for inflation

Q: (i) Discuss the Hedonic Theory of Compensating Wage Differentials. (ii) To what extent is the main…

A: The Hedonic Theory of Compensating Wage Differentials explains the relationship between wages and…

Q: Which of the following statements is false? （only 1 correct answer） A. Unions can have sufficient…

A: A competitive market refers to one in which no one customer or producer has significant market…

Q: Explain why wage rigidity due to labor unions may lead to structural unemployment.

A: Structural Unemployment: It is a form of involuntary unemployment (where are willing to work but…

Q: What factors might account for the wide disparities in average salaries in differ- ent states?

A: There are various reason for salary differentiation state to state Location Demand and supply of…

Q: Explain how and why the method of instrumental variables allows us to estimate the labor demand…

A: The labor demand is the demand which the companies do in favour of the labor for their manufacturing…

Q: Explain in your own words the reason for wage rigidity?

A: The labor market will be in equilibrium when wages are free to adjust to equate the two quantities…

Q: In 2019, the country of Cheeseling was suffering from a period of high unemployment. The new…

A: "In labor market there are two players employees who supply their labor and employers who demand…

Q: Explain in your own words the reason for wage rigidity in detail.

A: Macroeconomics analyzes the economy as a whole. It studies aggregate economic concepts such as…

Q: Provide ONE labor demand-side reason that would explain why equilibrium wage (W*) rates in two…

A: A compensating wage differential is defined as the additional amount of income that a given worker…

Q: define hysteresis on the labor market and give one reason why it may arise in a recession

A: Hysteresis emerge when one disturbance act on or affects the trajectory of the economy.

Q: Why wages differ   my last chance to get right, please answer correctly For each of the scenarios…

A: A wage disparity is a difference in pay between people with similar skills working in different…

Q: What are the advantages and the disadvantages of this salary structuring scheme in the Philippine…

A: advantages:  Holidays: Twelve (12) paid public normal occasions and Nine (9) public exceptional…

Q: How does skill atrophy provide an explanation for differentiation in earnings?

A: Wage differentials bear an on the spot relationship to the range in occupation and industries that…

Q: Q1) A prolonged and deep recession is called a........ Q2) labor demand curve A graph that…

A: 1.A prolonged and deep recession is called a depression. When recession increases to a very large…

Q: using a supply and demand diagram how to illustate and explain  cost push inflation caused by a…

A: Inflation refers to an increase in the general price level in an economy. It means that the price of…

Q: It Is profitable to hire labor so long as the: MPL is greater than wage b. MPL is less than wage VMP…

A: Marginal product of labor is the change in the output or increase in production when an additional…

Q: What are the main causes of unemployment in Nambia?

A: The unemployment in Namibia is worse since the 1980s. Unemployment explained by the sum of all…

Q: illustrate the rent maximization or wage maximization model

A: Maximum wage is the ceiling imposed by the labour union on how much income a worker can earn in…

Q: Which of the following statements is false? Unions can have sufficient bargaining power to push…

A: The labor demand curve is negatively sloped because it indicates the inverse relationship between…

Q: egal scrimination is illegal and, therefore, impossible. scrimination is legal, but few if any…

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

Q: How might relationships between so-called insiders and outsiders contribute to downward wage…

A: According to mainstream economists, one of the major reasons behind recessions is the rigidity of…

Q: Identify the three most important pieces of labor relationslegislation enacted in the 20th century.

A: There are multiple pieces of labour relations which were enacted in the 20th century. The three most…

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 does the salary gap persist?

A: Wage discrimination happens when, because of the activity of the work market, comparable laborers…

Q: What type of wage rigidity is most likely to affect the unemployment rates of the following types of…

A: Wage rigidity can be explained as when wages don’t adjust to make the demand and the supply equal,…

Q: In this section you have to indicate whether you think the statement is true or false and explain…

A: A change in anything else that affects  demand for labor like changes in output, productivity or…

Q: automation impact the job market within the next few

A: Automation implies use of machinery to do the manual  labor and undertake the product manufacturing…

Q: Explain in two ways how the equilibrium wage can be disturbed

A: Equilibrium  wage is the wage rate which equates the demand and supply of the labor. The…

Q: Give three of explanations for how efficiency wages might work.

A: Efficiency wage is the concept which states that a worker increases his productivity with the…

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: It Is profitable to hire labor so long as the: MPL is greater than wage b. MPL is less than wage C.…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…