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kow [346]
3 years ago
8

Minimum wages create unemployment in markets where they create a

Business
1 answer:
Bogdan [553]3 years ago
8 0

Answer:

a binding price floor which results in an excess supply of labor and a decrease in the quantity demanded.

Explanation:

When a minimum wage is set below the equilibrium wage, then it will have absolutely no effect in the labor market. But when it is set above the equilibrium wage, it will cause an excess supply of labor and a decrease in the quantity demanded of labor resulting in a deadweight loss or a loss of total economic efficiency. This means that more people will want to work but less employers will hire workers.

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4 0
1 year ago
How would the law affect the supply for health insurance? Why?
PSYCHO15rus [73]

<u>The law affect the supply for health insurance:</u>

Medicare for high-salary laborers and expenses significant expense health care coverage plans. The ACA forces a duty on individuals without wellbeing plans. Since most specialists influenced by this duty will pay a sum disconnected to work exertion, the CBO gauges that this won't influence the work supply.

Five components can influence an arrangement's month to month premium: area, age, tobacco use, plan classification, and whether the arrangement covers wards. FYI Your wellbeing, clinical history, or sexual orientation can't influence your premium. The law's objectives were to diminish the quantity of uninsured, make inclusion progressively moderate, and grow access to mind. Notwithstanding these triumphs, the law confronted solid political headwinds from the beginning.

Absence of sufficient inclusion makes it hard for individuals to get the social insurance they need and, when they do get care, loads them with enormous doctor's visit expenses. Less inclined to get clinical consideration. Bound to be analyzed later.

8 0
2 years ago
Using the income statement method for accounting for uncollectible accounts, a company estimates that 2.5% of credit sales will
Digiron [165]

Answer:

the adjustment for estimated uncollectible accounts will require

b. Debit to Bad Debt Expense for $10,000.

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There are two primary methods for estimating bad-debt expense. The first is an income-statement approach that measures bad debt as a percentage of sales.

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7 0
2 years ago
What does deficit mean?
galben [10]
The definition of deficit is, A sum of money that is small. Also, this can mean a loss of money. Another definition is, the number of loses in sports. Or, individual. Hope this helps
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2 years ago
The marginal utility curve is: A) upsloping because of increasing marginal opportunity costs. B) upsloping because successive un
kotykmax [81]

Answer:

D) downsloping because successive units of a specific product yield less and less extra utility.

Explanation:

The marginal utility curve is downsloping because successive units of a specific product yield less and less extra utility or benefits.

It gives the relationship between the utility derived from the consumption of an additional unit of a good and the quantity of the good consumed.

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2 years ago
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