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What is the opportunity cost to society of employing workers who would otherwise have no alternative employment?
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∙ 14y ago
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∙ 14y ago
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What is the concept of opportunity cost?
Opportunity cost is a similar concept to cost of capital, except that it suggests that "your money can only be spent once." The opportunity cost of a purchase is the loss of potential value (monetary or otherwise) incurred because one item is purchased rather than another. For example: the opportunity cost of buying a coat might be the value of having new shoes instead. In supply and demand, the question is of capital and equipment utilization -- how much of other products must you choose not to make in order to make a unit of a product? For example: how many caps will be made instead of gloves, where the opportunity cost is the value of the gloves that will not be made (the choice that was not taken).
Why do nations specialize in certain goods and services?
Because countries have different natural, human, and capital resources and different ways of combining these resources, they are not equally efficient at producing the goods and services that their residents demand. The decision to produce any good or service has an opportunity cost, which is the amount of another good or service that might otherwise have been produced. Given a choice of producing one good or another, it is more efficient to produce the good with the lower opportunity cost, using the increased production of that good to trade for the good with the higher opportunity cost.
Why you help other countries in trade?
To have a relationship with them otherwise they will not trade with you.
Why need development?
world development need because world otherwise stagnate
What is role of government in economic system?
Most economists agree, with some exception, that the role of the government in an economic system is to improve market outcomes in situations where markets fail, primarily due to not meeting the mathematical conditions necessary for efficient price-vector allocations. Government intervention, when market failureoccurs, is seen as a welfare-enhancing outcome because equilibrium can be forcibly restored to a market where it would not otherwise occur. Markets in disequilibriumexperience deadweight inefficiency losses, which represent a significant opportunity cost to society.
Where could one find information about careers with Pantex?
Pantex has part of their own website devoted to information about careers with them. Otherwise, the best alternative is to check with local employment agencies where they have offices.
What are the employment benefits of direct employment?
Only that there is job security assuming that this is a UK questions, otherwise self employment is always better as you can deduct things from tax
Does a company have to pay you if they ask you to do training before employment?
If it is specified as paid training, yes. Otherwise is may still be part of the selection and employment process.
Can an employer stop matching contributions?
Yes, unless you have an employment contract stating otherwise.
How do i check a person criminal history?
Require that they produce a copy of their criminal history record before employing them. Otherwise, you cannot access that information. It is not available to the general public.
What is the alternative to bail?
The alternative to bail is to remain in custody pending resolution of the case. Added: OR - you can try petitioning the court for ROR (release on recognizance) otherwise knowns as 'personal bond.'
What is the Canadian spelling of oppourtunity?
It's only spelled "oppourtunity" if it refers to a group. Otherwise the correct spelling is "opportunity"
If I call in sick for the first time can my employer fire me?
Yes, unless you have an employment contract or local law specifies otherwise (which it usually does not). Employment is typically at-will, meaning that you may be terminated at any time for any or no reason.
What is the meaning of invertisement?
Invertisement: Positions within multinational companies which are posted on internal servers to circumvent the otherwise rigorous employment laws.
Does TD Bank do pre-employment drug testing - i know they say they do but an employee has told me otherwise?
yes they do, and also do a backround check
Define how to flash k750i?
When alternative bypass security is enabled then flash should be done on a K750I otherwise it is unsafe to do a flash on the device.
Is there a natural alternative to clonozopam in homeopathy or otherwise?
Clonozopam is anti-convulsant, and muscle relaxant. It is used in epilepsy, anxiety disorder, panic attacks, etc. Homeopathy has no alternative specifically to clonozopam, but has medicines for convulsions and muscle relaxation.
