Answer:
a) has a significant effect on the unemployment rate since a large part of the labor force earns the minimum wage.
Explanation:
The minimum wage law ensures that all employees have a minimum income to live with dignity. Although there is a big debate among economists, the liberal current suggests that the minimum wage law has a major impact on the unemployment rate, especially among the poorest. According to these economists, the minimum wage is instituted above the productivity level of most people, which causes companies to lose efficiency. If wages were fluctuating, according to market law, more workers would probably be hired for wages tied to their productivity. Therefore, among the options, the first seems to be the most correct.
Answer:
Derived demand
Explanation:
Derived demand describes the demand for a commodity resulting from the demand from another item produced using the commodity. It is an indirect demand in that the commodity itself may not be demanded in itself, but its demand is necessitated by an item produced from it which is highly demanded.
Advances in information processing and communication are two ways and Transportation has made the globalization of markets a reality.
<u>Explanation:</u>
The technological change in the world has resulted in Globalization. Globalization made the world shrink based on the three factors.
Information processing advancement, communication, and transportation. Actually, information processing technologies these days are too faster. That, in turn, resulted in instantaneous and enhanced communication.
Also, transportation plays another major role in Globalization which is achieved by air and sea transportation. The improved sea and air transportation have accelerated the flow of goods and people throughout the world.
These factors connected the world in every term such as culture, economy, trading, employment, etc.
Key assets represent knowledge that your business has that is critical to the operation of your business. ... Basically, anything about your business that is essential to its core operation would be considered a knowledge asset.
