A consultant report stated that employees in the retail sector were paid well below the market rate and employers should take immediate steps to correct this discrepancy. From the employer’s perspective, briefly explain why employees should be paid above the market rate and discuss the consequences of adopting such a strategy. Use examples to illustrate your argument

Evelyn would like to open a small business that is categorized as a being in the distribution industry. to do this she could open a establishment.

Which of the following constitute the types of unemployment occurring at the natural rate of unemployment? a. frictional and cyclical unemployment.b. structural and frictional unemployment.c. cyclical and structural unemployment.d. frictional, structural, and cyclical unemployment.

Which of the following best explains the purpose of protectionist trade policies such as tariffs and subsidies? a. they make sure that governments have enough money to pay for fiscal policies. b. they give foreign competitors access to new markets around the world. c. they allow producers to sell their products more cheaply than foreign competitors. d. they enable producers to purchase productive resources from everywhere in the world.