Changes in the wage rate (the price of labor) cause a movement along the demand curve. A change in anything else that affects demand for labor (e.g., changes in output, changes in the production process that use more or less labor, government regulation) causes a shift in the demand curve.
Changes in the wage rate (the price of labor) cause a movement along the supply curve. A change in anything else that affects supply of labor (e.g., changes in how desirable the job is perceived to be, government policy to promote training in the field) causes a shift in the supply curve.
Since a living wage is a suggested minimum wage, it acts like a price floor (assuming, of course, that it is followed). If the living wage is binding, it will cause an excess supply of labor at that wage rate.
Answer:
True
Explanation:
The policy's main principle was that of non-intervention and non-interference in the domestic affairs of Latin America. It also reinforced the idea that the United States would be a "good neighbor" and engage in reciprocal exchanges with Latin American countries.
The policy's success was measured in part by the rapidity with which most Latin American states rallied to the Allies during World War II. After the war, however, U.S. anticommunist policies in Europe and Asia led to renewed distrust in the Americas and the gradual lapse of the Good Neighbor Policy.
Bulls run, battle of Gettysburg
Answer:
How Americans see their country and their democracy. On the Fourth of July, Americans celebrate the birth of the nation and the values that have sustained the country and its democracy in the nearly 250 years since the adoption of the Declaration of Independence.
Explanation:
