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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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A television advertisement claiming that a product is light-years ahead of its time does not make sense because ________.
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A light-year is a unit of distance, and not a unit of time. That is like saying "School will be over in 3 kilometers!".
8 0
3 years ago
Why is it important to site? Name at least three reasons
Lapatulllka [165]

Answer:

It gives proper credit to the author, it helps you avoid plagiarism, and it helps to create more ideas in your mind.

8 0
4 years ago
Read 2 more answers
Sidney Crosby, a famous hockey player, is paid $10 million to wear Reebok ice-skates. Reebok hopes this will increase sales of t
eduard

The reason why Reebok believes that Sidney Crosby wearing their ice-skates will increase sales is due to Classical Conditioning.

<h3>How will classical conditioning increase sales?</h3>

Classical conditioning leads to people associating a certain stimulus with a certain effect.

Classical conditioning would therefore lead to people associating Reebok to Sidney Crosby and so they will buy more skates because of this association.

Find out more on classical conditioning at brainly.com/question/17583598

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4 0
2 years ago
Mays, Inc. had net income for 2014 of $1,060,000 and earnings per share on common stock of $5. Included in the net income was $1
Rainbow [258]

Answer:

The dividends on common stock in 2014 for Mays, Inc was:

Dividends paid=$2650

Explanation:

1. You must follow the formula below to find out the Dividends Paid by Mays inc,

Payout ratio = (dividends paid/net earnings for the period) x 100 then,  

Dividends paid= (Payout Ratio/100) x net earnings for the period

Dividends paid= (25%/100)x$ 1'060.000

Dividends paid=$2650

8 0
3 years ago
In the United States from 1929 to 1933, real GDP _____________ and the unemployment rate ________________.
Mashutka [201]

In the United States from 1929 to 1933, real GDP declined by 27 percent and the unemployment rate rose to 25 percent.

<h3>What was the Great Depression?</h3>

The Great Depression, which lasted from 1929 to 1939, was the worst economic downturn in the history of the industrialized world. It started after the 1929 stock market catastrophe, which paralyzed Wall Street and caused the loss of millions of investors.

Some causes of the Great Depression are:

  • The stock market crash of 1929,
  • The collapse of world trade due to the Smoot-Hawley Tariff,
  • Government policies,
  • Bank failures and panics,
  • The collapse of the money supply.

Therefore, Between 1929 and 1933, the real GDP in the United States fell by 27%, while the unemployment rate increased to 25%.

To know more about the real GDP refer to: brainly.com/question/15171681

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3 0
2 years ago
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