It is true that a society accepts minimum wage laws as a method of determining wages because the law is made to determine the wages.
The market value of a good has a direct relationship with the wages; hence it is true that the market value of a good determines wages.
The quality of a good has no direct relationship with the amount of wages hence it does not determines the wages.
Employee productivity also has a direct relation with the quality of the work and hence it also determines the wages.
It is true according to the law that the price floor determines the minimum wage.
Hence the only False statement is:
The quality of a good determines wages.
Another way to achieve the same goals as minimum wage and wage control ( without keeping markets from reaching equilibrium levels) is to increase YOUR PERSONAL INCOME directly.
It's actually a very simple way of thinking. If your salary currently could not afford a certain lifestyle, in order to afford it you could either : Cut back your other expense and re-allocate or simply by getting more money
This brand is using the user category approach to
positioning.
To add, this positioning approach highlights the user (the
ideal or representative target consumer) and suggests that the product is the
ideal solution for that type of person and may even contribute to their social
self-identity.
D.Is the right answer for sure
Answer: Option (e) is correct.
Explanation:
Correct option: Provides loans and facilitates a short flow of money to countries in need.
The international monetary fund (IMF) was established to help the member countries with balance of payment deficit, to promote international trade between member nations, provide loans, to improve country's economic growth, helps in a creation of new employment opportunities.
There are two main sources of international monetary fund; Quotas and loans.
Quotas are the funds that are collected from the member countries of IMF. It normally generate most of the IMF funds.
