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Aleks04 [339]
3 years ago
14

An effective minimum wagea. imposes a price ceiling on the wages of various categories of low-skill workers.b. increases the dem

and for low-skill workers.c. makes it easier for low skill workers to find jobs.d. increases the earnings of some low-skill workers while reducing the employment and training opportunities available to others.
Business
1 answer:
Strike441 [17]3 years ago
5 0

Answer:

d. increases the earnings of some low-skill workers while reducing the employment and training opportunities available to others.

Explanation:

Minimum wage is a form of price floor. It is the lowest amount that should be paid to labour for their services rendered. It is usually set by the government or an agency of government.

Minimum wage causes supply of Labour to exceed demand for Labour. Firms would demand less of Labour because of higher cost of Labour. Decreased demand for Labour would increase unemployment.

Minimum wage isn't a price ceiling but a price floor.

Minimum wage increases the income of Labour.

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The journal entry to record direct labor used in process costing is a(n):___________
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b. increase in assets and an increase in liabilities.

Explanation:

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3 years ago
Which school faculty member should you talk to about enrolling in an AP<br> course?
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A paraprofessional refers to someone who's specially trained to support students in school. Such oeeosn can be a teaching assistant, special education paraprofessional etc.

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course?

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