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3 years ago

Which statement is not true about the minimum wage?

Business

2 answers:

Veseljchak [2.6K]3 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]3 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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3 years ago

Phillippe invested $1,000 ten years ago and expected to have $1,800 today. He has not added or withdrawn any money from this acc

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Answer:

d) He earned a lower interest rate than he expected

Explanation:

Data provided in the question

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2 years ago

The Terme Corporation is contemplating the purchase of new equipment, which may potentially increase revenues by 25%. Currently,

vekshin1

Answer:

The increase in gross profit is $12,374.93

Explanation:

The increase in sales due to purchasing this new equipment is 25% of current sales figure of $750,000

increase in sales=$750,000*25%=$187,500

variable cost on the increase in sales is 55%=$187500 *55%=$103,125

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salvage value is $0

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3 years ago

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