1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sp2606 [1]
3 years ago
6

The minimum wage in 2008 was $6.55 cents until july 2008 when it was raised to $7.25. if the minimum wage in june was below the

equilibrium wage and the increased wage in july was above the equilibrium wage, then the deadweight loss was greater in june than in july. firms' producer surplus was greater in june than in july. employment of low-skilled workers increased in july. unemployment was unaffected by the increase.
Business
1 answer:
eimsori [14]3 years ago
7 0
<span>The answer in the blank is that employment of low-skilled workers increased in July. This is because the rate of the minimum wage increased by July compared to that of June. So there will be more employment process due to the increase of the salary, because more skilled workers wants to grab the opportunity of the increased salary.</span>
You might be interested in
The Board of Directors has voted to add a new product line. Casey's department will be directly responsible for implementing the
liubo4ka [24]

No, because the decision has already been made by the Board of Directors.

More about directors and decision making:

The board's decision-making process is divided into two stages: communication and decision-making. Each director decides whether to incur a cost to communicate his information to others during the communication stage. At the decision-making stage, all directors take actions (e.g., vote) based on their private information and information inferred from the discussion, and the board makes a collective decision. Directors may have conflicts of interest and thus prefer a decision that is not in the best interests of the shareholders. Directors may also have a preference for conformity and thus incur a loss if their actions differ from those of other directors, such as voting differently than the majority.

Learn more about decision making here:

brainly.com/question/16407152

#SPJ4

6 0
2 years ago
The following are several of the accounts from a recent balance sheet.
Burka [1]

Answer:

<u>Account Name</u>      <u>Balance Sheet Classification</u>    <u>DR or CR Balance </u>

1. Accounts Receivable                    CA                       Debit

2. Prepaid Expense                    CA                        Debit

3. Inventories                                    CA                       Debit

4. Long-Term Debt                   NCL                 Credit

5. Cash and Cash Equivalent    CA                 Debit

6. Accounts Payable                    CL                 Credit

7. Income Tax Payable                    CL                 Credit

8. Contributed Capital                    SE                         Credit

9. Property Plant and Equipment    NCA                 Debit

10. Retained Earning                    SE                  Credit

11. Short-Term Borrowing            CL                 Credit

12. Accrued Liabilities                    CL                 Credit

13. Goodwill (an Intangible Asset)  NCA                 Debit

 

Explanation:

6 0
3 years ago
Imagine that the U.S. economy has an initial unemployment rate equal to the natural rate of unemployment. Identify each event as
PilotLPTM [1.2K]

Explanation:

Let’s explore one by one as proposed:

An oil cartel raises oil prices: all prices in the oil-related products will increase making it more expensive for companies to be able to afford employees. As the US economy is heavily based on oil import and consumption, the unemployment rate (let´s call it UR from now on) would increase. Countries that export more than import could benefit from this scenario.

The U.S. dollar gains value against foreign currencies: It would be more expensive to produce goods in the US as its currency becomes stronger. Hence companies could choose to produce overseas, increasing the UR. One of the factors that attract investments is a cheap currency, meaning that a company could operate there at lower costs than anywhere else.

American consumers expect higher income in the future: As fights about average salary would arise between employees and companies, igniting even sindicalization, its proper to think that the same as above could occur; companies could choose to produce overseas in countries less demanding of labor rights and income, such as China provinces (I would recommend for you to watch American Factory, a awarded Netflix documentary about that subject).

Brazil experiences economic growth and increases its demand for U.S. exports: as I said in the first alternative, a country that has increased or more expensive exports could benefit from that creating more jobs, in this case decreasing the UR. If Brazil demands more US products, more has to be produced by the country, which would mean more people employed in this attractive sector.

U.S. real estate values rise: to be honest, it only affects indirectly. As housing becomes more expensive, people have to work more to be able to afford housing. That would mean they seeking better-paying jobs or in the absence of those being homeless of at least unable to buy a home. We could argue that the UR would decrease because it becomes more expensive to afford housing and hence people would migrate more but that’s a long shot rationale.  

5 0
3 years ago
Read 2 more answers
Please use the labels to correctly order all aspects of the National Saving and Investment Identity.
Harman [31]

Answer:

Private Savings + (Imports – Exports) = Investment + (Government Spending – Tax)

Explanation:

This relationship expressed in the equation above is a macro economy equation which is correct and implies that the quantity supplied of financial capital is equal to the quantity demanded of financial capital.

Supply of financial capital is represented by "Private Savings + (Imports – Exports)", while the demand for financial capital is represented by "Investment + (Government Spending – Tax)".

I wish you the best.

4 0
3 years ago
A. Define supply as an economist would. B. List and explain three (3) non-price factors that will shift the supply curve. C. If
Paladinen [302]

Answer:

A: Refer the detail below

B: Refer the detail below

C: Refer the detail below

Explanation:

A. Definition of Supply

Supply is an economic term that refers to the quantity of a given product or service that suppliers are willing to offer to consumers at a given price level at a given period. Supply is positively related to price given that at higher prices there is an incentive to supply more as higher prices may generate increased revenue and profits

B. Non-price factors that will shift the supply curve

1. Producer input costs

2. producer expectation

3. The number of sellers.

C. Impact of Fountain Pens market

If the cost of production of fountain pens falls, producers can produce more goods by using the same amount of money. Therefore, the supply will increase and the supply curve will shift to the right.

5 0
3 years ago
Other questions:
  • One of the most important requirements of a land description is for it to be unambiguous. Which of the following methods of prop
    5·1 answer
  • Mr. Etemadi has prepared the following list of statements about service companies and merchandisers.
    12·1 answer
  • Please help me. ...​
    7·1 answer
  • HELP!!!
    12·1 answer
  • Which of the following are true about cost behavior within a particular relevant range? (Check all that apply.) Fixed costs per
    10·1 answer
  • If Congress imposes a $5 tax on each ATM transaction, the demand for money will likely: Group of answer choices increase. decrea
    11·1 answer
  • You are thinking about buying a new car and will borrow $20,000 for this purchase at a 5 percent fixed rate for exactly one year
    10·1 answer
  • Canniff Air uses two measures of activity, flights and passengers, in the cost formulas in its budgets and performance reports.
    15·1 answer
  • In marketing, promotion usually involves a company or organization
    11·1 answer
  • Direct materials $10 Direct labor $6 Variable manufacturing overhead $4 Fixed manufacturing overhead per year $220,000 Selling a
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!