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2 years ago

Which statement is not true about the minimum wage?

Business

2 answers:

Veseljchak [2.6K]2 years ago

6 0

Answer:

The correct answer is the Owners are not required to pay it to foreign workers.

Explanation:

The employers or owners must pay it's workers irrespective of it's nationality.

A minimum wage is the lowest salary that employers can pay legally to their workers. It is the price floor below which workers may give out their labor.

Towards the end of the 20th century, most countries had introduced minimum wage legislation.

Demand and supply models proposed that there may be employment losses and welfare from minimum wages. however, if the labor market is in a bad state(with only one employer present for hiring), the efficiency of the market can be increased by minimum wage.

mamaluj [8]2 years ago

4 0

Answer:

Owners are not required to pay it to foreign workers.

Explanation:

Owners must pay it to any worker regardless of its nationality.

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Byron is a wealthy tycoon who makes his money buying and selling stocks. This is an example of _____ income.

Orlov [11]

A. we know it is not c or d cuz they would not fit but a and b are our options the answer would be B IF he was a worker but in this case he makes his money from a profit and pays the workers (they earned it) so it is A

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People are demanding more apartments than sellers are willing to offer. This means that there is a _____ of apartments. surplus

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People are demanding more apartments than sellers are willing to offer. This means that there is a shortage of apartments.

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3 years ago

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On March 1, 2015, Landon Company acquired real estate on which it planned to construct a small office building. The company paid

Murljashka [212]

Answer:

The amount to be reported as the cost of the land is $101,000

Explanation:

Given information

Paid cash - $90,000

Cost of property $7,600

Salvaged materials - $1,700

Attorney's fee for work concerning the land purchase - $1,100

Real estate broker's fee - $4,000

Architect's fee - $7,800

Put in driveways and a parking lot - $14,000

For computing the amount of the cost of the land, the Architect's fee and Put in driveways and a parking lot is not considered as it is not related to the land expenses. The computation is shown below

= Cash amount + Cost of property - Salvaged materials + Attorney's fee + Real estate broker's fee

= $90,000 + $7,600 - $1,700 + $1,100 + $4,000

= $101,000

Thus, the amount to be reported as the cost of the land is $101,000

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3 years ago

Why did the housing market crash in 2008

Komok [63]

Because the banks were down

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3 years ago

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6. Limitations of GDP Although GDP is a reasonably good measure of a nation's output, it does not necessarily include all transa

jekas [21]

Answer:

The quality of goods available to consumers
The costs of air and water pollution
The value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the government

b. investment; decreases; no overall change

Explanation:

a. GDP only measures goods that have monetary value so when a good cannot be properly quantified in terms of cash, it is difficult to account for it in GDP. Also, even if the good has monetary value for the Government was unaware of it, they will be unable to use it in the calculation of GDP.

For these reasons, the quality of goods available to consumers, the costs of air and water pollution and the value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the government will not be a part of GDP calculation.

b. When a U.S. company purchases and imports wood from Brazil to use to build new houses within the United States, this purchase increases the investment component of GDP while also decreasing net exports by the same amount. Therefore, the purchase of wood from Brazil causes no overall change in US GDP.

Purchasing raw materials for use in production is considered Investment by GDP. However, since it was imported it will reduce Net Exports which means that the transaction would cancel itself out in the GDP calculation as it would both increase investment and decrease Net exports by the same amounts.

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