1. Explain what wage indexation means? 2. Explain why firms, but not employees would prefer not...
1. Explain what wage indexation means?
2. Explain why firms, but not employees would prefer not to have a wage indexation clause in their employment contracts when they expect inflation?
Homework Answers
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1. Explain what wage indexation means?
2. Explain why firms, but not employees would prefer not...
Task 1: Explain why incomplete contracts regarding effort may lead to profit-maximising firms offering employees wages...
Task 1: Explain why incomplete contracts regarding effort may lead to profit-maximising firms offering employees wages above their reservation wage. Task 2: From society’s perspective, is it better for a market to be served by one firm - a price-setting monopoly, or by many small price-taking firms? Discuss. Task 3: Explain what monetary policy is, how it is implemented in Australia by the Reserve Bank of Australia, and what type of monetary policy you would recommend the RBA to implement...
12. Explain why employees typically prefer being paid on a time basis. 13. What factors create...
12. Explain why employees typically prefer being paid on a time basis. 13. What factors create the link between wages and productivity that is at the heart of efficiency wage model? 14. Wages tend to rise as tenure with one's employer increases. There are three sets of theoretical explanations for this increase in wages. What are these three tl DAHAN explanations?
1) High transportation costs or tariffs imposed on imports help explain why many firms prefer FDI...
1) High transportation costs or tariffs imposed on imports help explain why many firms prefer FDI or licensing over exporting. Discuss. 2) What are the main advantages and disadvantages of the ethnocentric, polycentric, and geocentric approaches to staffing policy? When is each approach appropriate?
1. If a union enters a wage claim that exceeds the equilibrium wage, then we would...
1. If a union enters a wage claim that exceeds the equilibrium wage, then we would expect a __________ of labor and __________ employment. A. surplus; increasing B. surplus; decreasing C. shortage; increasing D. shortage; decreasing 2. In a competitive labor market, if a union wishes to maximize employment for members, how should it negotiate a wage rate? A. Above the competitively established rate B. At the competitively established rate C. Below the competitively established rate D. That discriminates against...
can someone explain please Question 5 0/2 pts Which of the following is most likely to...
can someone explain please
Question 5 0/2 pts Which of the following is most likely to cause an increase in the inflation rate? a reduction in the percentage of workers who are in labor unions an increase in competition between firms an increase in the non-labor costs of production an increase in the unemployment rate Rising unemployment tends to put downward pressure on wages and prices. In the figure below, when employment is at the level at point C, the...
QUESTION 47 Which of the following is a reason why most economists prefer a wage subsidy...
QUESTION 47 Which of the following is a reason why most economists prefer a wage subsidy to a minimum wage? C ) A. A wage subsidy decreases low-skilled employment while a minimum wage increases it. accumulation of human capital. O C. A wage subsidy helps businesses while a minimum wage helps workers. ()D A wage subsidy does not require more government spending while a minimum wage requires moregovernment spending. QUESTION 48 The government places rent controls on apartments, pushing the...
Suppose that the Phillips curve is given by - = 0.1 - 2u where = -1 Suppose that inflation in year t - 1 is ze...
Suppose that the Phillips curve is given by - = 0.1 - 2u where = -1 Suppose that inflation in year t - 1 is zero. In year t, the central bank decides to keep the unemployment rate at 45 forever a. Compute the rate of inflation for years t, t + 1, t + 2, and t + 3. Now suppose that half the workers have indexed labor contracts so that = + (1 - A)-1 and 1 =...
1.Should you trust financial planners? why? 2.Would you prefer to work with large national organizations like...
1.Should you trust financial planners? why? 2.Would you prefer to work with large national organizations like Wells Fargo, or with local independent firms? 3.What are pros and cons of working with one versus just handling it yourself?
1. If in an industry of many firms a single small firm's demand for labor increases,...
1. If in an industry of many firms a single small firm's demand for labor increases, then A. its wage rate will increase and its employment level will remain the same. B. its wage rate will decrease and its employment level will increase. C. its wage rate will remain the same and its employment level will increase. D. both its wage rate and its employment level will remain the same. 2. In considering a worker's supply for labor, when wages...
6. Given a choice, briefly explain if you would prefer to operate in manufacturing environments in...
6. Given a choice, briefly explain if you would prefer to operate in manufacturing environments in other countries that do not have unions (3 pts) 7) As a HR professional whose company just brought a production facility in Vietnam (where I have been), briefly explain what two actions you would take on setting the wage level for the manufacturing workers (hourly wage) who now work for your American- based company. (3 pts)
12. Explain why employees typically prefer being paid on a time basis. 13. What factors create the link between wages and productivity that is at the heart of efficiency wage model? 14. Wages tend to rise as tenure with one's employer increases. There are three sets of theoretical explanations for this increase in wages. What are these three tl DAHAN explanations?
can someone explain please
Question 5 0/2 pts Which of the following is most likely to cause an increase in the inflation rate? a reduction in the percentage of workers who are in labor unions an increase in competition between firms an increase in the non-labor costs of production an increase in the unemployment rate Rising unemployment tends to put downward pressure on wages and prices. In the figure below, when employment is at the level at point C, the...
Suppose that the Phillips curve is given by - = 0.1 - 2u where = -1 Suppose that inflation in year t - 1 is zero. In year t, the central bank decides to keep the unemployment rate at 45 forever a. Compute the rate of inflation for years t, t + 1, t + 2, and t + 3. Now suppose that half the workers have indexed labor contracts so that = + (1 - A)-1 and 1 =...
6. Given a choice, briefly explain if you would prefer to operate in manufacturing environments in other countries that do not have unions (3 pts) 7) As a HR professional whose company just brought a production facility in Vietnam (where I have been), briefly explain what two actions you would take on setting the wage level for the manufacturing workers (hourly wage) who now work for your American- based company. (3 pts)
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