wages tend to be sticky question 60 options: a) because of contracts, social norms, and notions of fairness. b) because of contracts, but not social norms or notions of fairness. c) because of social norms and notions of fairness, but not contracts. d) none of the above are correct.

Answers

Answer 1

Answer:

Answer:

a) because of contracts, social norms, and notions of fairness.

Explanation:

Wages tend to be sticky due to a combination of factors, including contracts that establish fixed wage rates, social norms that influence wage expectations, and notions of fairness that can resist rapid changes in wages.

Answer 2

Answer:

Final answer:

Wages tend to be sticky because of contracts, social norms, and notions of fairness. These factors create resistance to wage adjustments, leading to potential unemployment and economic inefficiency.

Explanation:

Sticky wages refer to the phenomenon where wages do not adjust quickly to changes in the supply and demand of labor. This can lead to unemployment and economic inefficiency. There are several factors that contribute to sticky wages, including contracts, social norms, and notions of fairness.

Contracts between employers and employees often specify fixed wage rates for a certain period of time. These contracts make it difficult for employers to adjust wages in response to changing economic conditions. For example, if the demand for labor decreases, employers may be unable to lower wages to attract more workers or prevent layoffs.

Social norms and notions of fairness also play a role in sticky wages. People generally expect wages to be stable and fair. If wages were to fluctuate frequently, it could create uncertainty and dissatisfaction among workers. Therefore, there is a resistance to wage adjustments based on social norms and the belief that wages should be fair.

In conclusion, wages tend to be sticky because of contracts, social norms, and notions of fairness. These factors create resistance to wage adjustments, leading to potential unemployment and economic inefficiency.

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Choose EITHER Judaism OR Hinduism and describe its origin, major principles, and how it affected existing laws, social practices, or culture. Also describe whether and how the religion influenced other societies.

Answers

Judaism
Origin:Judaism beganwith Abraham, a prophet in the Old Testament which became famous as the Fatherof all nations as Yahweh blessed him with this gift for his faith. Here,Yahweh, revealed Himself to him and then there started the proclamation thatthere is only one God, Yahweh. (Genesis12:15)

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The Torahbooks (Genesis, Exodus, Deuteronomy, Leviticus, and Numbers)
The TenCommandments of Yahweh.

Political,Social and Cultural context:
Mostly, theTen Commandments in which “Thou shalt not kill, steal, covet, adultery and bearfalse witness” are some of the fundamental laws in the society nowadays, thoughwe can’t refer this significant laws as hinged to the Ten Commandments. They arestill likely similar in some natural aspects in today’s society. If you murder orrape someone you get arrested, if you take something that is not your own, youget arrested too.
The goldenrule. Most people or cultures in our existing community might say, ever heardof the golden rule? Well, it came from the Jewish laws in the Old testamentwhich says that “an eye for an eye or a tooth for a tooth” Exodus 21:24 and “Loveothers as yourself” Leviticus 19:18.

Final answer:

Hinduism is one of the world's oldest religions without a single founder, offering diverse traditions and beliefs. It shaped the caste system in Indian society and influenced many cultural aspects. Hinduism's dynamic interplay with Buddhism evolved its practices into a more personal form of devotion.

Explanation:

Origins and Major Principles of Hinduism

Hinduism is considered one of the oldest major religions, with its origins tracing back to the ancient Vedic civilizations in India around 3,000 years ago. Unlike other world religions, Hinduism developed without a single founder and is a synthesis of various beliefs and traditions.

The Hindu belief system is broad, encompassing a number of schools of thought and a vast array of rituals and practices. Hindus believe in a supreme divine power that manifests in various forms, including the major incarnations of Brahma, Vishnu, and Shiva, which are sometimes compared to the Christian Trinity. This pluralistic tradition includes a vast body of scripture, notably the Vedas, the Upanishads, and epic narratives like the Mahabharata and the Ramayana.

Influence on Society and Culture

Hinduism played a pivotal role in shaping Indian society and culture, particularly through the caste system, which organized society into hierarchical groups with specific roles and responsibilities. The caste system deeply influenced the laws, social practices, and daily life in India. Additionally, concepts such as karma and dharma from Hindu philosophy have influenced numerous other societies and religions.

Over time, Hinduism absorbed and was influenced by other traditions, including Buddhism, with which it had a dynamic interplay. This led to the evolution of Hindu practices, making it a more devotional religion that permitted individuals to engage with deities directly, as depicted in the central text of Hinduism, the Bhagavad Gita.

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