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Bad White [126]
3 years ago
15

One effect of a minimum wage in the market for low-skilled labor is a a. surplus of low-skilled labor.

Business
1 answer:
fgiga [73]3 years ago
6 0

Answer:

a a. surplus of low-skilled labor.

Explanation:

Minimum wage is a form of price floor. A price floor is the minimum price that a good or service can be bought.

Price floors (minimum wage ) is usually set above equilibrium price. This increases the supply of labour but decreases the demand for Labour. As a result , there would be a surplus of low skilled labour.

I hope my answer helps you

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Which of the following activities are prohibited by the Clayton Act when they lead to less competition? Each of these answers is
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Answer: All of the Above

Explanation:

The Clayton Act of 1914 was passed to curb unfair business practices as well as to protect the rights of labour.

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5 0
3 years ago
Selma deposited a paycheck for $378.42. she’ll use the check register to record her transaction. What will be her new balance?
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Selma’s new balance will be $378.42. A paycheck also known as a pay check or pay cheque, is a paper document issued by an employer to pay an employee for services rendered. However, the physical paycheck is increasingly being replaced by electronic direct deposits to the employee's designated bank account or loaded onto a payroll card.

Employees may still receive a pay slip detailing the final payment amount calculations. A salary statement, also known as a payslip, pay stub, paystub, pay advice, or sometimes paycheck stub or wage slip, is a document received by an employee that either includes or is attached to the paycheck.

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5 0
2 years ago
Yi Min started an engineering firm called Min Engineering. He began operations and completed seven transactions in May, which in
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Answer:

Amount                                              Debit($)                            Credit($)

Assets

Cash                                                   37,641

Office Supplies                                   890

Prepaid Insurance                             4,600

Office Equipment                              12,900

Liabilities

Accounts Payable                                                                        12,900

Equity

Y. Min, Capital                                                                               18,000

Y. Min, Withdrawals                           3,329

Revenue

Engineering Fees Earned                                                             36,000

Expenses

Rent Expense                                     <u>7,540</u>

Total                                                   66,900                                66,900

Explanation:

Trial Balance sheet includes all the accounts available in ledger.

Assets, Liabilities, Equity Revenue and expenses are added, however they are not given in our case

Amount                                              Debit($)                            Credit($)

Assets

Cash                                                   37,641

Office Supplies                                   890

Prepaid Insurance                             4,600

Office Equipment                              12,900

Liabilities

Accounts Payable                                                                        12,900

Equity

Y. Min, Capital                                                                               18,000

Y. Min, Withdrawals                           3,329

Revenue

Engineering Fees Earned                                                             36,000

Expenses

Rent Expense                                     <u>7,540</u>

Total                                                   66,900                                66,900

4 0
3 years ago
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