The increase in the minimum wage in the economy would cause employers to increase charges that they give to consumers by about 4 percent.
<h3>What is the impact of minimum wage on goods?</h3>
When minimum wage is raised in the economy, it means that the employers of labor would have to pay more operational cost for labor.
The effect that this would have on goods is that the people that consume the goods would have to pay extra for them.
Based on research, an increase in minimum wage raises prices by 4 percent in the economy.
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Answer:
The correct answer is Introduce unnecessary ground rules or let the parties suggest them to distract. Introduce internal information that will help illuminate the issues and interests.
Explanation:
The decision by consensus is a decision process that seeks not only the agreement of the majority of the participants, but also pursues the objective of resolving or mitigating minority objections to reach the most satisfactory decision. At the same time consensus means: a) a general agreement, b) a process to reach that agreement. Decision-making by consensus is primarily about the process.
It has been said that true consensus implies "meeting everyone's needs." Decision-making by consensus attempts to denigrate the role of factions or parties and promote the expression of individual voices. The method also increases the probability of unforeseen or creative solutions by juxtaposing dissimilar ideas, as it seeks to minimize the objection; It is very popular in voluntary organizations, where decisions are made when there is generally broad approval. The consensus method is desirable when it is unlikely to force compliance with the decision, just as if each participant independently adopted the same unanimous decision.
Answer: Option C
Explanation: Manufacturing overhead refers to the that portion of the cost which cannot be allocated to the units produced in a reasonable manner. These costs are indirectly related to the product manufactured. For example = depreciation, rent etc.
Thus, the cost of glue cannot be allocated to each individual unit produced. As the worker might put a more in one unit and a little less in the other.
Thus, from the above we can conclude that the correct option is C.
Answer:
limited resources to satisfy virtually unlimited wants.
Explanation:
The economic issue is basically that of determining whether to allow the most use of finite capital to meet limitless human needs.
Person has limitless wishes, which are seldom fulfilled, in economics studies involve how to offer greater pleasure with limited resources or how to allow effective use of limited resources.
