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Juliette [100K]
3 years ago
14

If we assume that the current equilibrium wage for low-skilled labor is $8 per hour and the minimum wage is increased from $5.75

to $7.25 per hour, then A. unemployment among low-skilled workers will increase. B. unemployment among low-skilled workers will decrease. C. unemployment among low-skilled workers will remain unaffected.
Business
1 answer:
Lostsunrise [7]3 years ago
4 0

Answer:

B

Explanation:

Unemployment among low-skilled workers decrease since they are getting higher pay now that is $1.5  per hour. Although it is below the equilibrium rate but still there are sure chances that the people will be more willing to work.

It does not necessarily mean that now labour is available according the demand of labour because the increased rate is below than the $8

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What is a significant factor in long-run economic growth that Robert Fogel, an economic historian, is best known for suggesting?
nignag [31]

(C ) Improvements in worker health from better nutrition

Robert Fogel, an economic historian, and Noble prize winner for Economics, is best known for suggesting that a significant factor in long-run economic growth is improvements in worker's health from better nutrition, he was of the opinion that malnourished workers cannot perform manual labor, because they don't have the strength and stamina, and this will affect productivity. He believed that as nutrition improve, so will worker's productivity.

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3 years ago
A technical analyst has been charting the price movements of ABC stock. The stock has been fluctuating in price between $63 and
bogdanovich [222]

Answer:

The trader should orders to buy ABC stock or take a long position to the stock.

Explanation:

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4 years ago
In the 1990s politicians in Washington D.C. were looking for ways to balance the budget. Former Federal Reserve Chairman Alan Gr
Hitman42 [59]

Answer:

Explanation:

If the Boskin Commission's estimate was right and consumer price index overstated inflation by 1.1% every year, this is what we can derive about REAL GDP PER CAPITA and GENERAL LIVING STANDARDS IN THE UNITED STATES:

(A) Real Gross Domestic Product per Capita is the total (gross) production per head or per person (per capita) within (domestic) an economy; after accounting or adjusting for inflation. Before adjusting for inflation, we have the Nominal GDP. So the term "real" shows that the value has accounted for inflation. If inflation is positive in the economy, then Real GDP figure will be less than Nominal GDP figure. I hope you understand this background information.

So if consumer price index is overstating inflation, real GDP per capita will be higher than it is perceived/calculated to be, in those years

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4 years ago
The following information pertains to Obama Company's outstanding stock for the year just ended:
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Answer:

45,000 shares

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= shares outstanding as on Jan 1 + 2 for 1 stock split as on Jan 4 + shares issued as on Jan 7

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= 45,000 shares

The 6 months are calculated from Jan 1 to July 1

7 0
4 years ago
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