The international community has sought to reduce the negative effects of price floors by banning the practice of dumping surplus productions.
<h3>What is a
price floors?</h3>
This refers to the lowest legal price that can be paid in a market for goods and services, labor, financial capital etc.
It is adopted to keeps a price from falling below a given level. It is also called a price supports because they support a price by preventing it from falling below a certain level.
A very good example of price floor is the minimum wage which is a minimum price for the service of labor and thus is a price floor.
In conclusion, in the international sphere, the international community has sought to reduce the negative effects of price floors by banning the practice of dumping surplus productions.
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Answer:
The correct answer is b. employers required the National Association of Manufacturers to accept the right of workers to organize unions.
Explanation:
Trade Union Law is the branch of Labor Law or Labor Law that regulates the constitution and activity of trade unions and business organizations, as well as the exercise of the right to strike. However, Trade Union Law is not an autonomous branch, because its norms related to union organization fall within the Labor Law and within this of the Collective Labor Law.
Answer: Invalid
Explanation: A will is a legal statement that states how a person's property would be shared after their demise.
Mr Jacob according to the question, passed on his properties to his daughter Silvia. As long as Mr Jacob is not yet dead, his will can't be tampered with, therefore Silvia cant transfer the property to Jacob Jr yet.
Answer:
Option D
Explanation:
In simple words, factual precept refers to the rules or guidelines that controls or regulates a work system. Thus, in reference to wages, the basic rule for fair wage system should be that, wages should be fixed and given as per the amount of work one is performing.
The capability of employer is relevant as the amount of work is significantly dependent on level of employer. The fair wages are determined from various other factors such as past work experiences and current market conditions in respect of wage levels.
Answer:
Assuming that the elimination of frequent-flyer programs would have enabled the airlines to earn higher profits and remain in business, then it would be a purely good idea for the airlines to eliminate their frequent-flyer programs.
The big question is, how much did the frequent-flyer programs cost the airlines? Would the cost-savings be sufficient to eliminate their bankruptcies? It is a known-fact that the airlines that create such programs always recover the program costs by charging higher fares.
Explanation:
The issue of airlines going bankruptcy does not seem to stem from customer-loyalty programs like the frequent-flyer programs. The root cause lies in operational and other costs that airline managements have not been able to control.