The number of employees hired with a minimum wage is<u> lower</u> than it would have been at equilibrium.
A minimum wage operates as a price floor which is established above the equilibrium in the labor market to ensure that salaries do not fall below a certain level. If the minimum wage was not fixed, market forces would tend towards the equilibrum.
As the graph shows, when a minimum price is set above the equilibrium this generates an excess supply situation. The supply of labor is constituted by people who are willing to sell their work abilities in exchange for different wage levels. Therefore, if there is an excess supply situation, there will be workers who would be willing to work for the minimum wage but labor demand is not large enough at that same level. Therefore, a minimum wage brings unemployment .
Answer: Eclectic approach is a method of language education that combines various approaches and methodologies to teach language depending on the aims of the lesson and the abilities of the learners. Different teaching methods are borrowed and adapted to suit the requirement of the learners.
Explanation:
Explanation:
<em>1)Co-operative members do not feel comfortable interacting with larger or more formal businesses as they do not understand their business culture and norms.2)There is a lack of understanding by the development project of the realities and perceptions of co-operatives within their country's contexts.3)There is mistrust among co-operative members as well as amongst general members and the management / board. A key challenge within co-operatives is a lack of transparency between the governing board and the general members.4)Members may embrace cooperation but not necessarily collective business (shared finance).</em>
Answer: Personality
Explanation:
Personality describes virtually everything about a person. From their feelings; how they respond to things that happen to them, to their thought pattern; how they reason life issues and make use of their mind, then their behavior. All these builds what the personality of someone would be.
Answer:
Stereotypes influence how we think about other people. Stereotypes direct our attention toward some things and away from others, affecting what we notice, and what we remember later on.