ECO 365 - Week 2 Discussion Question Answers DQ 1: Why is the demand of labor a derived demand? Explain the shape of the supply of labor curve. What is the relationship between productivity and the wages earned by an employee? What are some factors that determine the level of your income? The concept of derived demand occurs when the demand of product exists due to demand of another product. In this case‚ demand of a labor is a form of derived demand‚ because the amount of labor hired will
Premium Supply and demand Employment Economics
Why is it so important to have a time limit on a computer? What are the effects of screen time? What is screen time? Hi‚ I’m here to tell you that you should have a time limit on a screen. What is screen time? Screen time‚ is the time a person spends on an electronic device such as a computer‚ television‚ game consoles‚ tablet‚ and/or iphone. Screen time is nearly impossible to avoid. Technology is everywhere and accessible to anyone. TV‚ movies‚ video games‚ cell phones‚ music‚ social media‚ online
Premium Computer Technology Psychology
- - - “WHY DOES INCOME INEQUALITY EXIST?” Submitted to: - Submitted by: - - - - 4. Why does income inequality exist? Income inequality‚ also known as economic inequality or wealth and income differences typically refers to inequality among individuals and society‚ but it can also refer to disparity among countries. There are many reasons for this phenomenon to happen within the societies‚ most of them are often inter-related. However‚ we could say that the most important
Premium Economic inequality Supply and demand Gini coefficient
80. Why Is ‘OWNERSHIP’ An Illusion? Both‚ the ancient philosopher Aristotle who observed that people tend to degrade common property and preserve private‚ and the liberal capitalist of today who firmly believe that driving force behind tech revolution and the consequent increase of living standard is private ownership were lacking fundamental comprehensive answer WHY is so? The two gospels‚ The Old Testament and The New Testament provide mirror images of Terrestrial Humans mentality Evolution and
Premium Property Political philosophy John Locke
Not all of us are blessed with perfect teeth. Some of us have bent cracked and chipped teeth. Such kind of appearance makes one quite uncomfortable and the person cannot even smile properly. It does also reduce one’s self confidence. Many people make use of braces to rectify the way their teeth appear. The braces straighten the teeth and also solve other problems. But the problem with braces is that it does take around a year to get the results. In order to get the desired outcome‚ one has to wear
Premium Nutrition Obesity Health
402 Part IV: Building and Managing Systems BUSINESS PROBLEM-SOLVING CASE JetBlue and WestJet: A Tale of Two IS Projects The time had come for both JetBlue and WestJet to upgrade their reservation systems. Each carrier had started out using a system designed for smaller start-up airlines‚ and both needed more processing power to deal with a far greater volume of customers. They also needed features like the ability to link prices and seat inventories to other airlines with whom they
Premium Southwest Airlines Airline Computer reservations system
Australia is a Unique environment Reasons Australia’s environment is unique far outweighs the insane minimal reasons it is considered not. Australia has the world’s most unique fauna and flora‚ our landforms are like no other‚ the geographical perspective on how Australia was formed is unlike any country/continent and finally the natural hazards Australia experiences on a daily basis is unlike the world has seen. Thus it is obvious to say that Australia definitely has the most unique environment
Premium Australia Earth Species
Sometimes I wonder‚ “Why do we have to die?” Sometimes I question myself and the others around me‚ why are we given one chance to shine in this world? Why not several chances? Why can’t we live forever? These are the questions that vexed my thoughts constantly throughout my childhood. These are the questions that have influenced my thoughts to think in a certain way. When I first dolefully realized that everyone must die and that no one lives forever‚ I was dejected. It was utterly intimidating
Premium Life Death Afterlife
------------------------------------------------- Why does communication with employees matter? This factsheet looks at internal communication rather than external communication (for example‚ with customers‚ investors or other stakeholders). It may be helpful to read it in conjunction with our factsheet on ‘employee voice’ which covers the history of employee involvement‚ the mechanisms of two-way communications‚ and its potential benefits. Our factsheets on employee voice‚ engagement and branding
Premium Communication Management
Speech International Trade and Finance Speech The current state of the U.S. macro economy is made up of a plethora of highly involved processes. I am going to attempt to explain some simple terms and concepts focused on international trade and foreign exchange rates. Foreign Exchange Rates One needs to have a base level understanding of what defines an exchange rate. According to Investopedia‚ a foreign exchange rate is “The price of one country’s currency expressed in another country’s
Premium Economics Investment Currency