--%>

Determine the lowest average wages according to Adam Smith

Consider a huge group of identically smart and strong industrious workers. All else identical, Adam Smith would predict such that the lowest average wages would be earned through the workers who were in the work that: (1) had the least stable patterns of employment. (2) had the lowest probability of success. (3) was the safest. (4) needed the most training. (5) toiled in the least comfortable environment.

How can I solve my economics problem? Please suggest me the correct answer.

   Related Questions in Business Economics

  • Q : Define cyclical fluctuations Define

    Define cyclical fluctuations?

  • Q : Illustrates inverse relationship

    Illustrates the inverse relationship between price and quantity?

  • Q : Theory of Purchasing Power Parity

    Question: The Theory of Purchasing Power Parity says that, in the long run, nominal exchange rates change to offset changes in relative i. _________________________ so that the purchasing power of two currencies st

  • Q : Transfer income in national income Is

    Is transfer income involved in national income? Explain Why? Answer: No, since transfer income does not effect in the production of services and goods.

  • Q : Risky forms of production to gain

    Entrepreneurs: (w) undertake risky forms of production to gain uncertain profits. (x) obtain interest payments for their services. (y) are usually overcompensated for their innovations. (z) receive virtually all their wealth by inheritance.

  • Q : Illustrate a fundamental characteristic

    Illustrate a fundamental characteristic of demand behavior?

  • Q : Laffer curve & Tax rate Question: Do

    Question: Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change? Using the 'human capital' investment model,

  • Q : Decreases in opportunity costs of

    The opportunity costs of production and consumption for most resources and goods tend to be decreased by: (w) private monopoly power. (x) price floors. (y) intense competition. (z) price ceilings. Hey friends pleas

  • Q : What are the facts of inflation What

    What are the facts of inflation?

  • Q : Higher opportunity costs of attendance

    Economics professors would attribute students’ higher rates of attendance on days while examinations are administered to the: (w) intensified needs to learn valuable material. (x) higher opportunity costs of missing set relative to other schedul