Economists Mark Blaug and Ruth Towse studied the market for economists in Britain and found that the quantity demanded was about 150 to 200 a year, and that the quantity supplied was about 300 a year. What likely to happen when there is a surplus of economists in Britain
Solved
Show answers
More tips
- H Health and Medicine How to Help Men Gain Weight?...
- A Auto and Moto Discovering the Leader: What is the Most Expensive Car in the World?...
- H Health and Medicine Hangover: How to Get Rid of It Quickly?...
- S Style and Beauty How to Choose the Right Fur Coat and Avoid Regrets?...
- C Computers and Internet How to Create a Folder on Your iPhone?...
- G Goods and services How to sew a ribbon: Tips for beginners...
- F Food and Cooking How to Make Mayonnaise at Home? Secrets of Homemade Mayonnaise...
- C Computers and Internet Which Phone is Best for Internet Surfing?...
- F Food and Cooking Everything You Need to Know About Pasta...
- C Computers and Internet How to Choose a Monitor?...
Answers on questions: Business
- B Business GDE BSTD 2021 TERM 1 SBA TASKGRADE 12TERM 1: Case StudyTOTAL: 50DURATION: 2 HOURSThis task should be completed under controlled conditionsQUESTION 1Read the case study...
- C Computers and Technology Miguel has struggled in math classes classes and worries that he does not have enough...
- S Social Studies Name the three type of islands in Oceania and how they are created...
- M Mathematics The table below shows the amount of money it costs sarah to perform her craft demonstration based on how much materialis required for each attendee.number of people...
Ответ:
See explanation
Explanation:
In this case, since the supply is more than the demand for Economists in the country, this will lead to a lower wage for the Economists that are employed. This is because there are surplus Economists which can be readily called if those employed aren't willing to collect the lower wages.
Also, the excess Economists can move to other countries where their services will be needed. In some cases, they may take jobs that are similar to their practice such as researchers, marketing roles etc.
Ответ:
d. all of the above