Employers are willing to pay wages and salaries to workers because they expect to be able to sell the goods and services that those workers produce at prices high enough to cover the wages and salaries and all other costs of production.
Standard detail
1.
Benchmark
Depth 1Parent ID: 8AB8BEF8C93F440FA7124E3017C758A7Standard set: Grades 5, 6, 7, 8
Original statement
Quick facts
- Statement code
- 1.
- List ID
- 1.
- Standard ID
- 7C437B2548CA48CBAE5E985463342E29
- ASN identifier
- S2604795
- Subject
- Economics
- Grades
- 05, 06, 07, 08
- Ancestor IDs
- 8AB8BEF8C93F440FA7124E3017C758A7
- Source document
- Voluntary National Content Standards in Economics (2010)
- License
- CC BY 3.0 US