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
s2008m [1.1K]
2 years ago
9

The minimum wage law ___________________ a) has a significant effect on the unemployment rate since a large part of the labor fo

rce earns the minimum wage. b) increases the unemployment rate among highly skilled workers. c) increases cyclical unemployment in the economy. d) has only a small effect on the unemployment rate since only a small part of the labor force earns the minimum wage.
Business
1 answer:
Galina-37 [17]2 years ago
3 0

Answer:

a) has a significant effect on the unemployment rate since a large part of the labor force earns the minimum wage.

Explanation:

The minimum wage law ensures that all employees have a minimum income to live with dignity. Although there is a big debate among economists, the liberal current suggests that the minimum wage law has a major impact on the unemployment rate, especially among the poorest. According to these economists, the minimum wage is instituted above the productivity level of most people, which causes companies to lose efficiency. If wages were fluctuating, according to market law, more workers would probably be hired for wages tied to their productivity. Therefore, among the options, the first seems to be the most correct.

You might be interested in
here is much dispute over the impact that the Internet has had on today’s youth. Based on the information you learned in this le
mezya [45]

Today's youth grow up with the internet. Thus they look at it differently from the previous generation who mostly use it for entertainment or research.  For the youth, the internet is the way to communicate, congregate and share information of their social life. It is obvious that the internet has and will continue to change the way we live. The internet has changed education which the youth spend most of their days.  Students can get access to areas of their interests.  Someone can even study online without going to school.

It is a good thing in my opinion and the government should introduce computer and internet study from elementary school.  That way students benefit from the unprecedented access to information the internet provides, as well as the ability to share knowledge across the globe. Millions of books, journals and other useful materials of learning are available online.

In conclusion, despite all the doubts people have about the internet being a dangerous place, it is important for the youth to have access to it.


4 0
2 years ago
Read 2 more answers
Miscavage Corporation has two divisions: the Beta Division and the Alpha Division. The Beta Division has sales of $580,000, vari
vesna_86 [32]

Answer:

Net income= -$34,200

Explanation:

Giving the following information:

Beta Division:

Sales= $580,000

Variable expenses= $301,600

Traceable fixed expenses of $186,500.

Income= 91,900

Alpha Division:

Sales of $510,000

Variable expenses of $178,500

Traceable fixed expenses of $222,100.

Income= 109,400

The total amount of common fixed expenses not traceable to the individual divisions is $235,500.

<u>We need to deduct from the income of each division the not traceable fixed costs.</u>

Net income= 91,900 + 109,400 - 235,500

Net income= -$34,200

4 0
3 years ago
Gator Corporation manufactures several types of accessories. For the year, the gloves and mittens line had sales of $480,000, va
marin [14]

Answer:

If 41,000 of costs will remain, it is more convenient to maintain the gloves and mittens line. It gives the possibility to keep working, maintain workers and try to make it to positive profit.

Explanation:

Giving the following information:

Gator Corporation manufactures several types of accessories. For the year, the gloves and mittens line had sales of $480,000, variable expenses of $364,000, and fixed expenses of $150,000. Therefore, the gloves and mittens line had a net loss of $34,000. If Gator eliminates the line, $41,000 of fixed costs will remain.

Sales= 480,000

Variable expense= 364,000

Fixed expense= 150,000

Profit= -34,000

If 41,000 of costs will remain, it is more convenient to maintain the gloves and mittens line. It gives the possibility to keep working, maintain workers and try to make it to positive profit.

6 0
2 years ago
Some sellers of used cars provide warranties to buyers, with the aim of reassuring buyers that the car is of good quality. these
Leni [432]
Some sellers of used cars provide warranties to buyers, with the aim of reassuring buyers that the car is of good quality.
3 0
2 years ago
An individual who has NO prior experience in starting up a business, inheriting a business or purchasing a business.
NemiM [27]

Answer:

i do

Explanation:

is this a question?

4 0
2 years ago
Other questions:
  • Most countries operate under a(n) ________ exchange rate system
    6·1 answer
  • Murphy &amp; Johnson is a privately owned manufacturer of small motors for lawnmowers, tractors, and snowmobiles. The components
    7·1 answer
  • How should the acquisition of MPIS be financed, taking into account the issues of control, flexibility, income and risk? Cash fl
    5·1 answer
  • Tulsa Company, (a merchandising Co.) has the following data pertaining to the year ended December 31, 2016: (CPA adapted) Purcha
    5·1 answer
  • Middleton Company uses the perpetual inventory method. The company purchased an item of inventory for $130 and sold the item to
    10·1 answer
  • When Congress passed the Sarbanes-Oxley Act of 2002, it imposed greater regulation on public companies and their auditors and re
    5·1 answer
  • A portfolio with a 21% standard deviation generated a return of 16% last year when T-bills were paying 5.5%. This portfolio had
    11·1 answer
  • Why do economists think in terms of costs and benefits
    6·1 answer
  • A company is seeking to avoid the mistakes disney made with disneyland paris. A key priority then is to?
    9·1 answer
  • As a marketing manager, you lead and manage a team of four people in your
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!