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goldenfox [79]
3 years ago
15

A minimum wage below $10 per hour is not a binding minimum wage in this market. (Economists call a minimum wage that prevents th

e labor market from reaching equilibrium a binding minimum wage.)a. True b. False
Business
1 answer:
wel3 years ago
6 0

Answer:

False

Explanation:

Binding minimum wage refers to the minimum wage that not just prevent the labor market from reaching equilibrium but also exceed the wage equilibrium in the market. If the minimum wage is set higher than the equilibrium, most people in the market have to move the wage equilibrium up.

Given that economists call a minimum wage that prevents the labor market from reaching equilibrium a binding minimum wage.

So,  a minimum wage below $10 per hour is a binding minimum wage in this market.

Hence, the given statement is false.

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The type of information the marketing manager needs to monitor to judge the plan's successful implementation and strategic effectiveness are profits, customer relations, sales information, and competitor reactions.

A marketing strategy is one whose objective is to position the company in relation to competitors, through the creation of value that will help attract and retain consumers.

There are several tools that can help shape an organization's marketing strategy, such as:

  • The 5 P's of marketing.
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Therefore, the manager must monitor profits, company-customer relationships, sales, and competitor reaction to judge the success of a marketing plan, which should generate value and market leadership for an organization.

Learn more here:

brainly.com/question/1577600

8 0
2 years ago
Luciana, a nonshareholder, purchases a condominium for her employer for $85,000. The fair market value of the condominium is $12
krok68 [10]

Answer:

Luciana’s basis in the condominium is $120000.

Explanation:

The transfer or sale of property by the employer to the employee at less than the fair market value then it is considered as the compensation income or dividend income. However, it should be included in the income. The difference in cost and fair market value ($120000 - $85000 = $35000) is considered as the gross income which is taxable for the year.

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3 years ago
A. medical payment auto 1. covers insured for life; is paid on for a specific-
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E. property damage auto 5. pays if insured is at fault and someone else's-  

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3 years ago
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The degree to which a specific finding can be applied to a broader group or population is __________.
Citrus2011 [14]
The correct answer to this is either generalizing or generalizabilty. Both mean the same and can be used interchangeably. It is basically an ability to generalize something based on a specific finding. It's not only on a broader group though, as it can also be done for its impact on natural environments based on a smaller finding.
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All of the following are potential consequence of not paying debts on time EXCEPT
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