Suppose that a tornado destroys a large number of major factories. a. What is the effect on
Question:
a. What is the effect on the demand for labor?
b. If the factories are owned by workers (say, through stock ownership), what is the effect on the supply of labor?
c. What is the effect on the wage rate, the amount of labor supplied to the marketplace, and the amount of labor supplied by any individual?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (8 reviews)
a The demand for labor will decrease since there arent many ...View the full answer
Answered By
Arun kumar
made more than four thousand assignments
5.00+
3+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
If current liabilities increase, what is the effect on cash? What about a decrease in current liabilities?
-
What is the effect on the current period income statement and the balance sheet when inventories are written down using the lower of cost or market method? What is the effect on future period income...
-
What is the effect on the accounting equation when cash dividends are declared? What is the effect on the accounting equation when cash dividends are paid?
-
Refer to E 29 and respond to the following requirements. Data in E 2-9 Prepare the necessary adjusting entries on December 31, 2024, for the Microchip Company for each of the following situations....
-
The heritability for egg weight in a group of chickens on a farm in Maine is 0.95. Are the following statements regarding heritability true or false? If a statement is false, explain why. A. The...
-
Assume the elevator of the Disney Tower of Terror E follows a Markovian process and has m floors at which it can stop. In the dead of night, you install a sensor S at the top of the shaft that gives...
-
The following is the adjusted trial balance of Flappy Health, Inc., for August 31,2010. Requirement 1. Journalize the closing entries at August 31. Happy Health, Inc. Adjusted Trial Balance August...
-
For 2010, Wiglaf Technology Company reported its most significant decline in net income in years. At the end of the year, C. S. Lewis, the president, is presented with the following condensed...
-
The following is an article outlining the challenge of Canada's food waste in the hospitality industry. Please read this article and research a topic related to food waste in Hospitality. Your team...
-
A local ice cream parlor wants to determine whether the temperature has an effect on its business. The following table contains data on the temperature at 7PM on 10 rain-free weekend days during the...
-
Suppose that an unexpected blight wipes out a large portion of this years agricultural harvest. What happens to the wage rate, the amount of labor supplied to the marketplace, and the amount of labor...
-
Suppose that an epidemic kills half the workers in an industry that produces goods for export. What is the effect on the wage rate, the amount of labor supplied to the marketplace, and the amount of...
-
Write an essay on diffusion caused by effects other than the concentration gradient such as thermal diffusion, pressure diffusion, forced diffusion, knodsen diffusion, and surface diffusion.
-
Outline a guide that HR can use to implement principles and core values in organizational ethical decision making and provide a rationale for your response.
-
What do you think would constitute an effective alternative dispute resolution system? What benefits would you expect from such a system? If you were asked to rule on a discharge case, what facts...
-
What are the seven areas in which the management of a company has to prepare itself before entering contract negotiations with a union? Discuss the effect of a union on wages and productivity.
-
1. How is purchasing directly and indirectly involved in the control of a firm's inventory investment? 2. What are three types of performance benchmarking? 3. Why would a firm want to measure...
-
How do the best leaders/managers impact their teams and shapeorganizational culture?
-
Consider the following pseudo-code. Assume that IntQueue is an integer queue. What does the function fun do? A. Prints numbers from 0 to n-1 B. Prints numbers from n-1 to 0 C. Prints frst n Fibonacci...
-
In Exercises find dy/dx by implicit differentiation. xy - y = x
-
What is the least likely reason why ZP may need to change its accounting policies regarding inventory at some point after 2009? A. The U.S. SEC is likely to require companies to use the same...
-
A 30-year mortgage for $145,000 is issued at a 6% A nominal interest rate. (a) What is the monthly payment? (b) How long does it take to payoff the mortgage, if $1000 per month is paid? (c) How long...
-
Solve Problem 6-32 for the breakeven first cost per kilometer of going under the lake.
-
Redo Problem 6-38 to calculate the EUAW of the alternatives as a function of miles driven per year to see if there is a crossover point in the decision process. Graph your results.
-
Suppose that you own the only company in the market to produce a certain product, and therefore you can determine the market price P dollars for each unit. Due to government regulations, the price of...
-
Glitz hotel is going to make a $2,000,000 investment by completing renovating a floor of the hotel.The floorplan will be entirely redone, and they can have a mix of three types of rooms: Luxury...
-
Let be a function that satisfies the following properties: f(x+y)= f(x)f(y) for all r. y R, and f'(0) = 1. a. Explain why f is continuous at x=0. b. Show the following two facts: that f(0) = 1, and...
Study smarter with the SolutionInn App