Business, 12.12.2019 03:31 colemanjosiah03

Suppose that society restricted the economic opportunities of right-handed persons to jobs in constructing houses, while left-handed persons could work any type of construction job. would wages for constructing houses be higher or lower than wages for other jobs? a. wages would be higher in housing construction jobs. o b. wages would be lower in housing construction jobs. o c. wages would be the same for any construction jobs

Answers: 1

Show answers

Answers

Answer from: david6835

b. Wages would be lower in housing construction Jobs

Explanation:

Labor market is at its natural equilibrium when there is no societal restriction. Labor market is same as supply and demand market. when society restricted to right handed people to construction work, the quantity of jobs in construction will increases because right handed people are far more than left handed people hence we can assume that large number of right handed people were involved in construction work.

Huge number of people have to leave construction. decrease in labor supply will also decreases the number (Quantity) of workers employed in market. In this situation the wage earned by each employed worker will be increase. But in housing construction the wages would be lower because of restriction on right handed people for constructing houses.

Answer from: joseperez1224

The answer is letter B.

Explanation:

Wages would be lower in housing construction jobs.

Because labor market is natural balanced when there is no societal restriction. Labor market is equal as supply and demand markets.

Answer from: Quest

answer; ( prices are sticky);

Answer from: Quest

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

Other questions on the subject: Business

Business, 21.06.2019 21:30, cesar566

In its 2016 annual report, caterpillar inc. reported the following (in millions): 2016 2015 sales $38,537 $47,011 cost of goods sold 28,309 33,546 as a percentage of sales, did caterpillar's gross profit increase or decrease during 2016? select one: a. gross profit increased from 26.8% to 28.6% b. gross profit decreased from 28.6% to 26.5% c. gross profit increased from 71.4% to 73.2% d. gross profit decreased from 73.2% to 71.4% e. there is not enough information to answer the question.

Answers: 2

continue

Business, 22.06.2019 10:00, tiarafaimealelei

The solution set for -18 < 5x-3 iso-3х3< xо-3хo3 > x

Answers: 3

continue

Business, 22.06.2019 11:30, jacky852

On average, someone with a bachelor's degree is estimated to earn times more than someone with a high school diploma. a)1.2 b)1.4 c)1.6 d)1.8

Answers: 1

continue

Business, 22.06.2019 12:30, deedee363

In the 1970s, kmart used blue light specials to encourage customers to flock to a particular department having a temporary sale. a spinning blue light activated for approximately 30 seconds, and then an in-store announcement informed shoppers of the special savings in the specific department. over time, loyal kmart shoppers learned to flock to the department with the spinning blue light before any announcement of special savings occurred. if kmart was employing classical conditioning techniques, what role did the spinning blue light play?

Answers: 3

continue

You know the right answer?

Suppose that society restricted the economic opportunities of right-handed persons to jobs in constr...