One of the characteristics of capitalism is… A) its ability to reward highly skilled, innovative individuals B) its ability to ensure an equal distribution pf wealth in society C) its ability to minimize inequality in the distribution of wealth in society D) its ability to promote collective bargaining by members of labor associations

Q: y Bernard Mandeville, Robert

A: Karl Marx defined the working class or proletariat as individuals who sell their labour power for…

Q: What is the name given to the value that laborers produce but are not paid for, that is instead…

A: Labor cost is the complete of wages, advantages, and finance charges paid to and for all…

Q: Explain how the free market capitalism provides for the creation of the pencil at the best price and…

A: The system of private players where they own the means of production is known as market capitalism.…

Q: 1. Look up the following currencies in the New York Times or any reliable source (any October 2020…

A: Foreign exchange market is a global marketplace where exchange rate of foreign currencies around the…

Q: In a market economy, the compensation of labour is determined by the interaction of demand and…

A: A labor market is the place for the people and firms to interact with each other for the exchange of…

Q: Discus demand and supply factors of production in theory of the firm and provide examples

A: Factors of production are the resources needed for producing goods and services. They include:1.…

Q: Which of the following organizational structures led to massive increases in the deployment of…

A: The capital is required to increase a economic growth in the economy. The more investment increases…

Q: Recruitment means .a . the process of employing new staff in an organization

A: For answering this question, we look at the definition of recruitment.

Q: Communist and socialist unions have not always supported collective bargaining because signing a…

A: The statement is generally true. The objective of the question is to understand the stance of…

Q: Two Factors that bring about the economic concept in early diseconomics for the business

A: ANS Diseconomies is said to occur when the marginal cost of production increases with the increase…

Q: A basic characteristic of a command system is that: A. Wages paid for labor are higher B. Government…

A: In a command system, also known as a centrally planned economy, the government or a central…

Q: Terry's Taco Patio uses corn tortillas, meat, a large property, and workers to make their tacos.…

A: Factors of production are the factors used for producing the goods and service. These factors…

Q: Explain the theories of Max weber in industrial relations shortly.

A: Max Weber was a German sociologist who felt that bureaucracy was the most efficient and rational…

Q: How would the firm demand for labour be altered if labour were an inferior factor of production? •…

A: The work market incorporates the supply of labor altered and the demand for labor by firms. Wages…

Q: Determine whether each activity will increase a worker's human capital. Will increase human capital…

A: In economics, human capital refers to the abilities and capabilities of the human resource in the…

Q: Explain the theories of Karl marx in industrial relations shortly

A: The term "industrial relations" refers to the working connection between employers and employees.…

Q: The open shop movement criticized closed shop arrangements because they took away employee rights to…

A: The objective of the question is to determine whether the statement about the open shop movement's…

Q: While fascist movements emerged in virtually every industrial capitalist country after World War I,…

A: After the World War 1, Germany was suffered lot. The treaty of Treaty of Versailles was vied by…

Q: Has the overall impact of capitalism on Appalachia been positive or negative? Consider both how…

A: Overall impact of capitalism has been negative on appalachia,because of dominance of coal industry…

Q: All of the following, except one, are examples of the factor land. Whi exception? O Minerals Natural…

A: There are four factors of production, i.e., land, labor, capital, and entrepreneurship.

Q: n the neoliberal school of thought, labor unions are Group of answer choices create unproductive…

A: The neoliberal school of thought believes in the idea of free market competition. There is perfect…

Q: Marx writes that “labour itself, … insofar as its purpose in general is the mere increase of wealth…

A: Karl Marx is one of the famous classical economists who highighted on the class struggle that arises…

Q: Can you please answer this question in 2-3 very brief paragraphs? Briefly discuss two important…

A: Industrial capitalism is refer to the use of heavy machinery and the pronounced division of labor…

Q: I the income elasticity for a product is 0.50 or inegative.50), then we can say that the typical…

A: We will answer the first question since the exact one was not specified. Please submit a new…

Q: What determines whether corporations individual proprietorships employee on firms consumer…

A: Law of supply determines what production will be determined by a host of factors. This is an…

Q: Consider an entrepreneur who owns a firm which uses capital K and labor L, supplied at rental rater…

A: Production function : Yt  = A Ktα Ltβ Etγ Cost per unit capital = r  Cost per unit of labor = w…

Q: 3. Explain Adam Smith's claim about self-interest and its impact society. on

A: (Since you have asked many questions, we will solve the first one for you. If you want any specific…

Q: (A): In what specific ways might the presence of a union raise productivity within a firm?…

A: A labor union is a group that participates in collective bargaining with an employer in order to…

Q: Which of the following explains the slope of the demand curve for labor? a. the marginal…

A: Law of diminishing marginal productivity states that the marginal production from the additional…

Q: Discuss humanizing the work setting, fads in corporate culture, the “hidden” corporate culture, and…

A: Humanizing the work setting means to organize work in a way that it develops rather than impedes…

Q: he activities of the state described in the passage are consistent with which of the following…

A: Economic policies are the policies introduced by the government in the form of action for the…

Q: The following are steps in the ‘Participation Ladder’, except: a. Functional participation b.…

A: The Ladder of Citizen participation was proposed in 1969 by Sherry Arnstein and is a widely…

Q: How might efficiency wages increase worker productivity?

A: Efficiency wages: The payment above the competitive wages made by the firm to its worker.

Q: Differentiate the following: Entrepreneurship vs. Employee

A: The market is a location where the transaction of services and commodities takes place. It is…

Q: Explain the characteristics of command economic system

A: The command economic system is a type of economic system where government takes all relevant…

Q: The above graph shows some isoprofit lines. Use the above graph to show how L* would change if…

A: Isoprofit Curves are defined as curves that consist of amounts of labor and its output which gives…

Q: Which of the following is a difference between the models depicting the market for labour and that…

A: Let's check each option and find which statement led to the difference between the models depicting…

Q: Examine the principles and theories underlying the concepts of production and costs as well as the…

A: Hello. Since you have posted multiple questions and not specified which question needs to be solved,…

Q: Describe Karl Marx's critiques of Capitalism based on the following, and describe the Marxian Law to…

A: To explain my answer and the process I used to create it:Understanding Marx's CritiquesI began by…

Q: Oberlin, Ohio is a small town in Ohio home to Oberlin College. Oberlin College employs more than…

A: Monopsony: In monopsony there exits a single buyer controls the market. Since he serves as a single…