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galina1969 [7]
3 years ago
12

Give one example of government regulation and discuss the trade offs associated with it. ​

Social Studies
1 answer:
gtnhenbr [62]3 years ago
8 0
Governments apply a Minimum Wage policy on Businesses to ensure the employees working for the businesses do not get exploited and get paid fairly. The trade off here is that with the Minimum Wage law in effect the businesses would face an increase in labor costs, since they gotta pay them more than if there was no Minimum Wage law, and businesses would lose out on some profit due to this increase in labor costs. To reduce these costs businesses might let go of some employees, either by firing them or making them redundant (either way the employee is losing the job) and this increases the Unemployment Rate in the country which the government does not like, as one of the government’s aims is to keep the Unemployment Rate low in their country but with their Minimum Wage law in effect they keep the businesses in check to ensure they don’t exploit their workers but they end up increasing the Unemployment Rate due to Businesses trying to retain (get back) some of their lost profit (that they lost due to the government’s Minimum Wage law).
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Explanation:

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The following statement best describes the sample used in the longitudinal type of descriptive design.

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Which situation is an example of human beings modifying the natural environment? Farmers cut down a large arep of forest to crea
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2 years ago
Al's speech coach sat him and the rest of his teammates down at the beginning of the season and said, "We have everything it tak
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Explanation:

Achievement oriented means one is working hard to fulfil and go beyond the standard of greatness or excellence on their performance.

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Some people have the potential to do great but they need the push and the motivation to believe in their potential

Al's coach is installing the achievement oriented mind to Al so that he can also believes in himself and go for greatness.

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many unknown variables that directly affect the individual's heart health condition.

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