If the Wage Rate in the Agriculture Sector Is Lower

question 80

Multiple Choice

If the wage rate in the agriculture sector is lower than
The manufacturing sector, then labor will migrate to the
Manufacturing sector.This will cause:

• A)both wage and marginal product of labor in the manufacturing sector to decrease.
• B)both wage and marginal product of labor in the agriculture sector to decrease.
• C)the nation to import more goods.
• D)There will be no effect on either sector.

Understand the impact of cash flow management on business survival.

Identify and apply tools and documents used in managing cash flow, such as cash budgets and aging schedules.

Analyze financial statements and ratios to assess business performance against industry standards.

Recognize the importance of managing receivables and inventory for effective cash flow management.

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Definitions:

Dependent Variable

In statistical modeling and experiments, it is the variable being tested and measured, usually thought to depend on one or more independent variables.

Target Variable

In data analysis and modeling, the specific outcome or response that the model is designed to predict.

Causal Variable

A variable that is presumed to cause or determine the outcome of interest in a research study.

Quantitative Model

A quantitative model uses mathematical equations and numerical data to represent a situation or problem, enabling objective analysis and predictions.