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Author Question: Managers and entrepreneurs are A) the same. B) different. C) assume risk. D) always ... (Read 54 times)

jjjetplane

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on: Jun 30, 2018
Managers and entrepreneurs are
 A) the same.
  B) different.
  C) assume risk.
  D) always stockholders.

Question 2

If a large number of skilled workers retire at about the same time through early retirements or buyouts, what will happen to the wages of skilled workers, other things being equal?


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brittanywood

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

The supply of skilled workers would shift to the left, thereby increasing the wage rates in skilled professions and decreasing the quantity of skilled labor in the marketplace. The higher wage rates would motivate individuals to improve their workplace skills and eventually move into those positions.


jjjetplane

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

carlsona147

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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