All categories

3 years ago

A midyear burst of minimum-wage increases starts on July 1

Business

1 answer:

Vesnalui [34]3 years ago

6 0

Answer: B. decreases aggregate supply because firms' costs increase

Explanation:

The rise in the the minimum wage rate raise the production cost .

This tends to shift the aggregate supply curve leftwards because the profit margins of firm will decrease and that tends to decrease the production.( at each unite of production.)

Hence, the rise in the minimum wage decreases aggregate supply because firms' costs increase .

Therefore , the correct option is 'B'.

You might be interested in

the body that determines how taxes will be used to support schools, what will or will not be taught, and the length of the schoo

DerKrebs [107]

The body that determines how taxes will be used to support schools, what will or will not be taught, and the length of the school day and year is the . state legislature.

State Legislature is the frame that determines how taxes will be used to aid colleges, what is going to or will no longer learn, and the length of the college day and year.

The protection and control of public schools is essentially the duty of the state legislature. The formation, choice, and manage of the curricula, educational techniques, and substances used in schools are all relatively prompted with the aid of the states.

Learn more about State Legislature here:-brainly.com/question/24315255

#SPJ4

5 0

1 year ago

The "principal-agent problem" often arises in public choice when politicians pursue the best interests of their constituents

Gekata [30.6K]

The "principal-agent problem" is when one person can make a decision on behalf of someone else that impacts the "principal". The agent works to favor the interests of the principal and receives incentives for doing so in return. The agent can get into a conflict of interest or make morally wrong decisions in favor of the principal they are helping.

3 0

3 years ago

If an organizational capability or resource is valuable and unique, but it is easy to imitate: A. It cannot be a source of compe

MaRussiya [10]

Answer:

<h2>In this case,the answer would be option D. or It can be a source of competitive advantage for a period of time.</h2>

Explanation:

In Production Economics,any organizational input in the production process can provide competitive advantage to any firm or company for a sustainable period of time only if it provides commercial or economic value to the firm or company,it is unique and it cannot be completely imitable or substituted through other equivalent resource/s by other market competitors.
Therefore,if any organization resource or input is easily imitated then it cannot ensure long term or sustainable competitive advantage for any firm or company in the market.
However,it can provide some temporary market advantage or competitive edge to any particular firm or company until the time it is fully imitated and implemented by its competitors or rivals.

3 0

3 years ago

Which job analysis method requires subject-matter experts to evaluate a job in terms of abilities required to perform the job

Alexxx [7]

Answer:

Fleishman Job Analysis System

Explanation:

Fleishman Job Analysis System. Job analysis technique that asks subject-matter experts to evaluate a job in terms of the abilities required to perform the job. - useful for employee selection, training, and career development Competency.

5 0

3 years ago

The concept of utility is fundamental to utilitarianism and describes the a. optimal distribution of wealth in society. b. level

alisha [4.7K]

Answer: level of satisfaction derived from a person's circumstances.

Explanation:

The utility a consumer derives from a product/service is the measure of the level of satisfaction the consumer derive from the product/service chosen. Utility can also be defined as the level of usefulness of a product to an end user.

7 0

3 years ago

A midyear burst of​ minimum-wage increases starts on July 1

A midyear burst of minimum-wage increases starts on July 1