It's FALSE.
To be able to make the minimum wage be binding, an expert in economics calls it a minimum gross to prevent the industry market from accomplishing equilibrium a binding smallest amount wage.
It must be set above the equilibrium gross. However, below or at least $10 per hour would not be binding.
Answer:
Yes. Firms that sell products that depend partly on demographic factors are more likely to be affected by business cycle.
Explanation:
Businesses whose demand depend partly in demographic factors (population based on race, sex, age, etc) such as homebuilders are affected by business cycles/seasons.
Demand for new houses can depend on some business seasons. A family that wants to move to a new location will consider age of the kids, parents before moving to a volatile neighborhood. Older people tend to prefer quieter areas, while younger people may prefer a more lively place to meet new friends.
Members of a race might want a new house because the vicinity is within a community of people of same race or social disposition.
Answer: Option D
Explanation: In financial economics, the effective-market theory is a theory that asset values represent all available data. Strong inference is that this is difficult to reliably "outperform the market" on a threat-adjusted basis because market rates will respond only to new data.
Thus, consumer valuation is always taken into consideration as the prices are determined by the m,market forces which are dependent on consumer valuation.
In such markets resources are allocated to most efficient firms who are capable to make maximum output result.
The main difference between the salary and hourly calculator is that the salary calculator is paid to an employee on the basis of an annual amount that is known as salary and hourly calculator is based on the hourly payment. This is the basic difference between the salary and hourly calculator. For a salaried employee, the number of hours worked in a month can vary without affecting the total salary fixed. In case of hourly calculated payment, the number of hours worked has a direct impact on the payment received. If the number of hours worked is less then the hourly calculated payment will also be less.
