answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Dahasolnce [82]
2 years ago
10

A new labor-saving technology will likely result in..... Group of answer choices Lower wage share of output and lower Gini coeff

icient in the short run. Higher wage share of output and higher Gini coefficient in the short run. Lower wage share of output and higher Gini coefficient in the short run. Higher unemployment, lower wage share of output, and higher Gini coefficient in the long run.
Business
1 answer:
jekas [21]2 years ago
7 0

Answer:

Higher unemployment, lower wage share of output, and higher Gini coefficient in the long run.

Explanation:

Since less labor will be used, total unemployment will increase. Besides less labor being used, more capital will be used, so the share of labor in total output will decrease. Labor efficiency increases, since you need less labor to produce the same or even a larger amount of output.

New technologies tend to increase the wages of high skilled labor and management. Since the Gini coefficient measures income inequality, then higher wages for a few will increase inequality.  

This is an example of what is happening in the US, where highly trained labor is getting paid better every time while unskilled labor is getting paid the same as many years ago or their wage has even decreased with time. This shows how important a college education is, and the difference will only keep increasing.

You might be interested in
At an activity level of 3,000 units, North Corporation's total variable cost is $15,000 and its total fixed cost is $20,000. For
oee [108]

Answer:

$5 per unit.

Explanation:

At an activity level of 3,000 units, we have:

Variable cost per unit = Total variable cost / Units produced = $15,000 / 3,000 = $5

Since the variable cost per unit must be equal at both lowest and highest level of activities, theerefore, the variable cost per unit at 3,500 is also $5 per unit.

3 0
2 years ago
Connie stepped in to assist her friend Fred conduct his research plan for his business. He is trying to see where he should open
Illusion [34]

Connie's next step should be

Not - go back and revisit her plan objectives

Maybe - Conduct primary research and analyze Fred's current customers.

<h3><u>Explanation:</u></h3>

It is very essential for an entrepreneur who decides to start a new business to have a business plan that helps him in setting up the businesses in the right track and usage of funds in an effective manner. A business plan acts as a blue print of a new business and the objectives and resource utilization.

In the scenario give, Fred decides to start a new boutique and has conducted researches geographic locations and the type of boutiques supported by the demography. She must not then go back and review her plan objectives as she has decided to start it with a good plan and she may conduct a primary research about the  current customers of him.

5 0
2 years ago
The cash account of Grande Home Improvement Store shows the following:
melomori [17]

Answer:

a debt of $  27,000 is left in the cash account = -27,000

Explanation:

because when you add all the nos the debts become <em>negative numbers </em>

and when we add them we get a debt of  27,000 which is equal to -27,000

3 0
2 years ago
An organizationally-driven reason for outsourcing is that it can improve effectiveness by focusing on what the firm does best.
VARVARA [1.3K]

Answer:

True

Explanation:

Outsourcing is when a company gives some of its internal activities to an external party that takes the responsibility to get things done and one of the reasons for a company to do this is to get rid of activities that have to get done but that are not part of their core operations to be able to concentrate on their main activity and get those things done by experts which can help increase productivity. According to that, the answer is that the statement is true.

6 0
2 years ago
Knowing that Graeter's competes with multinational corporations as well as small businesses, would you recommend that Graeter's
Degger [83]

Answer:Yes

Explanation: Because it will ensure more international awareness that will yield new customers,  Sales and  profitability  for Greater companies.

3 0
2 years ago
Other questions:
  • Colorado traffic laws are revised each year by ?
    14·2 answers
  • When using the indirect method to calculate and report net cash provided or used by operating activities, which of the following
    9·1 answer
  • On January 1, Year 1, McClurg Corporation issues 5%, 11-year bonds with a face amount of $70,000 for $76,180. The market interes
    9·1 answer
  • A company has outstanding 20-year noncallable bonds with a face value of $1000, and 11% annual coupon, and a market price of $1,
    5·1 answer
  • Which of the following illustrates an inflow of cash? a. a decrease in common stock b. a decrease in long-term debt c. a decreas
    8·1 answer
  • Pablo Management has nine part-time employees, each of whom earns $145 per day. They are normally paid on Fridays for work compl
    9·2 answers
  • Christie and Jergens formed a partnership with capital contributions of $360,000 and $460,000, respectively. Their partnership a
    12·1 answer
  • A nursery has $50,000 of inventory in dogwood trees and red maple trees. the profit on a dogwood tree is 28% and the profit on a
    10·1 answer
  • Suppose a young chef who recently graduated from culinary school in Cuba looks for work at local restaurants but is unable to fi
    6·1 answer
  • During the past year, Arther Anderson Services paid $360,800 in interest along with $48,000 in dividends. The company issued $23
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!