Using the theory of wage determination, explain why wages in developing countries, where levels of capital are small, are typically quite low.

Q: The table gives information about a​ nation's labor force.   What is the labor force participation​…

A: Answer: Labor force participation rate: it refers to the ratio of the active labor force and the…

Q: Briefly discuss why more migrants do not always lead to lower wages? Use the classical model of the…

A: International migration is a strong expression of people's desire to improve their circumstances in…

Q: how does each of these affect wages? Productivity -   Law of Supply and Demand -   International…

A: Change in wages is dependent on number of factors and these wages are highly flexible according to…

Q: TRUE or FALSE 25. Healthcare, sanitation, education, and independence of women are considered parts…

A: Demographic transition is an economic phenomenon that signifies that an economy is going through a…

Q: What can we say about the wage difference between jobs that require education and those that do not?…

A: The costs that are being paid by an employer to an employee for carrying out the work assigned to…

Q: How does a typical worker decide how many hours to allocate to the labour market? Why did the labour…

A: A person who is being employed or carrying certain work for a specified payment and time is known as…

Q: Differentiate the labor system of the Philippines from traditional to modern era

A: The traditional labor system of phillipines comprised of services sector as top followed by…

Q: Which among the following is an example of involuntary migration?  a. Africans migrated because of…

A: Migration refers to the movement of people from one place to another with the intention of settling…

Q: Minimum-wage laws a.        create unemployment.         b.       do not apply in states with…

A: Unemployment is the situation when people are employable and seeking it but cannot find a job.

Q: Which statements are TRUE?   1. Diagnosis of an economic problem reduces the chance of failure in…

A: Since you have asked multiple-part questions, we will solve only the first three questions for you.…

Q: Inflation is an economic problem because it leads inevitably to unemployment. leads to recession.…

A: Inflation is the sustained increase in the general price level of goods and services in an economy…

Q: The economic reforms of the mid 1980s to the early 1990s were generally designed to a.reduce…

A: There were many economic reforms of the 1980's and early 1990's designed to decide the role of…

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 regional differences in unemployment rates and poverty rates exist in spatial equilibrium?

A: Spatial equilibrium refers to the general economic equilibrium because it is the equilibrium in the…

Q: Roughly speaking, what fraction of U.S. labor works in factories? In service businesses? In…

A: ANS In Factories : Approximately 14% of the work force In service businesses : Approximately 68.5%…

Q: Human capital is

A: Human capital is one of the important resources of many countries. Increase in human capital will…

Q: According to the International Labour Organization (ILO) definition, an unemployed person is a…

A: Meaning of Full Employment: The term full employment refers to the situation under which all the…

Q: hich of the following is likely to increase the supply of labour? a decrease in fringe benefits…

A: Increase in the labour supply leads to cheaper availability of labor in the market. It reduces the…

Q: As the baby boomer generation retires, what should happen to wages and employment? Can you show this…

A: The labor supply curve shows the positive relationship between wage rate and quantity of labor…

Q: Explain this two causes of unemployment 1. Exportation of jobs to the development world 2.…

A: What is unemployment? Unemployment is the point where a person is not able to get any job or is not…

Q: Make a summary of this article. David, H., & Dorn, D. (2013). The growth of low-skill service jobs…

A: Technological advancements have generated more opportunities to use machines without more using…

Q: Are technology advancements and labour unions compatible

A: Introduction, In order to protect workers' rights and stop employers from abusing them, labor unions…

Q: Which of the following best describes migration? OA Movement of school children to another state for…

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

Q: Which of the following will NOT shift the market supply of labour curve? (a) A change in the wages…

A: Law of supply and demand states that wage has a positive relationship on labor supply whereas it has…

Q: According to an article by the Wall Street Journal, the U.S. is at risk of running out of…

A:

Q: The Economist article, Left in the Lurch, notes that throughout history many places that have…

A: Many places that have endured economic troubles have seen their population leave, according to the…

Q: According to existing general labor

A: New creation value created by worker in two pair of shoes are 6

Q: Answer the following options:  (Q#7)  What is the connection between education and the economic…

A: Hi! Thank you for the question As per the honor code, We’ll answer the first question since the…

Q: The graphs below show demand for labor in two countries, A and B, and several vertical labor supply…

A: It can be seen that the equilibrium wage with DA demand and SA as the supply, have equilibrium wages…

Q: Fishyland is a small country that focuses on her fishing industry. She has a production function of…

A: The link between the number of productive inputs (such as labor and capital) used and the amount of…

Q: Why don’t wages measure the full return to labor? Why is human capital the most important factor of…

A: In humàn economy capital  is the development of jobs created by education and knowledge, as well put…

Q: Why are labour markets imperfect? Give five reasons.

A: Labor markets are imperfect since the wages anticipated by Marginal revenue product theory are not…

Q: In 2015, many unskilled workers in the United States earned the federal minimum wage of $7.25 per…

A: Skilled labor refers to those laborers who are highly trained, educated, and having more experienced…

Q: Does migration cause poverty? Explain.

A: In economics, migration refers to the situation when people move from one country to another country…

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 will this impact other new immigrants who may have less experience in Canadian workplaces?

A: The person who resides in country other than birth country is called immigrant. If that person has…

Q: what will be the effect of employable workers migrate from the low paying countries to high paying…

A: Immigration has various impacts on the economies of the countries.

Q: Discuss the validity of the following statement: “Given the clear predictions provided by economic…

A: Empirical Economics publishes high-quality studies that bridge the gap between economic theory and…

Q: Horizontal inequality is one of the causes of armed conflict in developing countries. (T/F)?

A: The phenomena of unequal and/or unjust allocation of resources and opportunities among individuals…