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What does profit labor and wages have to do with producers and consumers?
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Why does globalization lead to a reduction in wages in developed countries?
Increased mobility allows producers to move jobs to lower-cost labor markets.
What are factor rewards?
A factor production is a productive resource. The four types are land, labor, capital and enterprise. Rewards for land are rent, for capital is interest, for labor is wages and enterprise is profit.
What are participants in the economy with one action that contributes to the circular flow of the free-market system?
A. Consumers -Providing investment capitalB. Producers -Paying wages C. Governments -Collecting taxes
What does the demand for labor contribute to?
Demand for labor contributes to how much wages should be
What type of income is paid to labor?
wages
Is a Union a non profit?
A trade or labor union is a for profit organization:Since the labor union is made up of employee's and its goal is to negotiate higher wages with an employer; the intention of the union is to receive an increase in profit.
According to the circular flow model which of the following do producers provide to consumers?
wages APEX
Why does globalization lead to a reduction in wages in developed countries?
Increased mobility allows producers to move jobs to lower-cost labor markets.
What results from outsourcing jobs from the United states to other countries?
Lower labor costs in other countries lead to job less in the United States because it enables producers to undersell domestic producers.
What are factor rewards?
A factor production is a productive resource. The four types are land, labor, capital and enterprise. Rewards for land are rent, for capital is interest, for labor is wages and enterprise is profit.
Do you have to claim contract labor wages on an income tax form?
Yes. Schedule C is Profit or Loss from Business. Contract labor wages are reported on Schedule C (or Schedule C-EZ) as income by the recipient and deducted as expenses by the payer. The payer deducts contract labor as a business expense in Part II Expenses and/or Part III Cost of Goods Sold. The recipient reports contract labor wages as income in Part I Income.
What are 2 challenges that companies face in the area of social responsibility?
environment and labor (child, unsafeworking conditions,fair living wages)vs. profit
What are participants in the economy with one action that contributes to the circular flow of the free-market system?
A. Consumers -Providing investment capitalB. Producers -Paying wages C. Governments -Collecting taxes
What is reward for labor?
wages
What is the reward for labor?
wages
What has the author Joseph Marie Viau written?
Joseph Marie Viau has written: 'Hours and wages in American organized labor' -- subject(s): Hours of labor, Labor unions, Wages
What does the demand for labor contribute to?
Demand for labor contributes to how much wages should be
