High profits of wal-mart

Assignment Help Microeconomics
Reference no: EM131040247

"Wal-Mart is a low-wage firm and this indicates that it exploits its workers." Which of the following should cause one to question the validity of this statement?

1 the high profits of Wal-Mart

2 the large sales revenue of Wal-Mart

3 No one is required to work for Wal-Mart and, therefore, it must attract workers by paying them more attractive wages than they could earn elsewhere.

4 This is a trick question. Wal-Mart does exploit its workers and the below average wage of Wal-Mart employees illustrates this point.

Reference no: EM131040247

Questions Cloud

Analyze the explanations regarding thinking and learning : Analyze the explanations regarding thinking and learning discussed in the textbook (e.g., multiple intelligences, emotional intelligence constructivism, etc.). Propose at least two ways one of the thinking and learning approaches could be used eff..
Probability of neither a high return : If the probability of a high return on stock C next year is .30, the probability of a high return on stock D next year is .40, and the probability of both a high return on stock C and a high return on stock D next year is .12, what is the probabil..
Compute the cost of one-to-all broadcast : Give an example of how increasing processor utilization increase inter processor communication and compute efficiency of adding n numbers on an n-processor hypercube.
Apply the empirical rule : A process for filling cans of tomato sauce at a particular plant yields cans with sodium levels having a bell-shaped (i.e., approximately normal) distribution with an estimated mean of 460 mg and standard deviation of 20 mg. a) Apply the Empirical..
High profits of wal-mart : "Wal-Mart is a low-wage firm and this indicates that it exploits its workers." Which of the following should cause one to question the validity of this statement?
Variance of a sample : Why is the variance of a sample determined differently than the variance of a population?
Importance of business failure : Which of the following best summarizes the importance of business failure and the central idea of "creative destruction in a market economy"?
How frequently does your company forecast : How frequently does your company forecast? is there an annual budget cycle? How often is it revised and what elements are included? Please include some specifics without spilling any confidential details.
3m deals with supply chain problems : 3M (www.3m.com) manufactures 65,000 products, ranging from Scotch tape to fi lm for solar-energy panels to dental braces. It makes these products in 214 plants located in 41 countries. Over the years, 3M had developed long, complicated supply chai..

Reviews

Write a Review

Microeconomics Questions & Answers

  If the investor sold stock after one year and paid taxes on

rcmp inc. shares rose 10 percent in value last year while the inflation rate was 3.5 percent. what was the real return

  Use the phillips curve to describe the tradeoffs between

use the phillips curve to describe the tradeoffs between inflation and the unemployment rate both in the short-run and

  Analysing a drilling decision using an interactive

analysing a drilling decision using an interactive model.open interactive model. there you will see a tree similar to

  Suppose there is symmetrical bell distribution using

the mean sales for tire sales of ntb is 1100 the standard diviation is 50.a. according to chebyshevs theorem what

  The sum of payments made to resource owners

The sum of payments made to resource owners for the use of their resources is:

  Compute the break-even rate for the options hedge

Raider Inc., an American importing firm anticipates an outflow of ¥893 million in 6 months. Raider's management team is worried about the course of the ¥/$ exchange rate over the next 6 months and decides to hedge.

  Examine the traditional and contemporary approaches

Discuss these two types of leadership and What are some of the differences - What are some examples of each?

  Businesses are

Businesses are the: Sellers in the factor market and buyers in the goods market. Buyers in the factor market and sellers in the goods market.

  Explain how price of a good you buy is affected by changes

Explain how the price of a good you buy is affected by changes in the prices of (a) substitute goods and (b) complementary goods - Why does the demand curve slope downward?

  Gross domestic product and employment

The purchase of copy paper by Intel for the company staff, The purchase of an electronic handheld organizer by a sales manager to keep track of clients, The purchase of a new aircraft carrier by the Navy. Next, identify whether each item falls into t..

  Estimate equilibrium price and quantity

The box industry was perfectly competitive. The lowest point on long run average cost curve of each of identical box producers was dollar four, and this minimum point occurred at an output of 1,000 boxes every month.

  How many doses of the drug to produce

A pharmaceutical company has hired you to perform an economic analysis on a currently ongoing project. Experts from the company have estimated the market for the drug and thus the potential revenues for the drug are knows, but the relevant costs a..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd