The Fair Labor Standards Act requires the payment of overtime to regular workers who work more than eight hours in a day: FALSE
<h3>
Who is labor?</h3>
- In the economy, labor refers to both the number of employed people and the work they do to produce goods and services.
- Numerous categories can be used to classify labor.
- The first is according to skill level; the lowest level is manual labor that doesn't call for special training.
<h3>What is the Fair Labor Standards Act?</h3>
- A minimum wage and "time-and-a-half" overtime pay are rights established by the Fair Labor Standards Act of 1938, which is codified at 29 U.S.C. 203.
- These rights apply to everyone working more than forty hours per week.
- Additionally, it forbids using children for "oppressive child labor."
Therefore, the Fair Labor Standards Act requires the payment of overtime to regular workers who work more than eight hours in a day is FALSE.
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If the government imposes a price ceiling of $4. The quantity purchased by consumers in this market would decline from 4 to 2.
A price ceiling is a situation in which the calculated price is above or below the equilibrium price determined by the market forces of supply and demand. Higher price caps have been shown to be ineffective. It turns out that price caps are very important in the residential rental market.
A price ceiling is the legal maximum price you can pay for goods or services. Governments set price caps to keep the prices of essential goods and services affordable. For example, when Hurricane Katrina hit in 2005, the price of bottled water exceeded $5 a gallon.
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B.
Economies of scales is defined as lower average costs due to an increase in output, therefore you must identify where output is increasing, that being the cattle. The increase in profits can be attributed to the lower costs, which increased the profit margin.
Almost all modern vehicles use fuel-injection systems. These systems have nearly replaced the <span>carburetors (a) </span>used on cars for years.
Answer:
her recognized gain on the sale of her old principal residence is $193,000 and her basis in the inherited home is $600,000.
Explanation:
Recognized gain on sale of old house
= ($600,000 - $125000) - $30,000 - $2000
= $443,000
Paula's recognized gain = $443,000 - $250,000
= $193,000
Her basis in the inherited home = $500,000 + $100,000
= $600,000
Therefore, her recognized gain on the sale of her old principal residence is $193,000 and her basis in the inherited home is $600,000.
