Answer:
Prejudice would be an example of what factor affecting wages?
Why do union contracts protect workers who have seniority?
- Businesses are more likely to fire older, higher-paid workers. Seniority rules protect older workers.
Why is it a bad idea to simply hide money in a safe place as a way to save?
- The money will lose value over time through inflation.
When a bank evaluates a person for a loan, what does the word "capacity" refer to?
- The ability to make payments on time.
Explanation:
A prejudice is a negative thought that someone emits about a person, thing or situation without having true knowledge about it. This attitude is a sign of rejection. Part of the existence of prejudices and the willingness of employers to reduce their income and profits in order to satisfy these prejudices. In this way, the existence of a majority and a minor group is assumed, which receives comparatively lower remunerations. This is because entrepreneurs have prejudices about specific characteristics of the minority group, specific to gender or ethnicity.
Employment seniority is taken into account for many situations in labor relations, among which are (Compensation for dismissal, Seniority plus, Promotions, Holiday choice, Order for dismissals, among others).
There is inflation when the prices of the set of goods and services in an economy increase steadily. That is, when the average price of all goods and services in a country goes up. The rise in prices causes the loss of purchasing power of citizens. Or put another way, if there is inflation it means that with the same money we can buy less things than before.
Capacity refers to your ability to pay the loan, taking into account your other debts and expenses. Creditors or lenders assess the ratio between their debts and their income, that is, they make a comparison between what they owe and what they earn. The smaller this relationship, the more creditors will trust in their ability to pay the money they borrow.
