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olya-2409 [2.1K]
3 years ago
13

"Minimum wage laws cause unemployment because the legal minimum wage is set" 9) A) above the market wage, causing labor demand t

o be greater than labor supply. B) below the market wage, causing labor demand to be greater than labor supply. C) too low. D) below the market wage, causing labor demand to be less than labor supply. E) above the market wage, causing labor demand to be less than labor supply.
Business
1 answer:
Vitek1552 [10]3 years ago
5 0

Answer: E) above the market wage, causing labor demand to be less than labor supply.

Explanation:

Minimum wage simply refers to the lowest wage that employers can pay their workers. Minimum wage is a form of price floor which means that it's typically higher than the equilibrium or market wage.

In this case, since it's higher than the market wage, there'll be an increase in the supply of labor as those that are unemployed will be willing to work duw to the increase in the wage rate.

On the other hand, there'll be a reduction in the demand for labor as employers typically will want to reduce cost and won't be interested in employing more workers.

Therefore, the correct option is E

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Consider three different closed economies with the following national income statistics. Country A has taxes of $40 billion, tra
scoray [572]

Answer: option B

Explanation:

in A) budget deficit = G+Tr - T

= 30+20-40

= 10

In B) private saving , Y-C-T = 60

Y = C+G+I

So, C+G+I-C-T = 60

G-T = 60-40 = 20

Budget deficit= 20, HIGHEST

In C) Y = C+G+I+Tr - T

300 = 180+G+ 90 + 20-60

G = 70

So budget deficit= G-T

= 70-60

= 10

6 0
4 years ago
Marks & spencer implemented _______ to track its inventory more effectively.
Verizon [17]
<span>The business implemented RFID as a way of tracking inventory. Using radio frequency made it easier to track and store inventory without running the risk of over- or under-ordering their products. This makes sure that the inventory is properly tagged and that the turnover rates on the products are properly logged. It also makes sure that the products do get turned over, instead of being left to waste in the stockroom due to errors on the part of the stock crew.</span>
5 0
3 years ago
Pompeii, Inc., has sales of $46,200, costs of $23,100, depreciation expense of $2,200, and interest expense of $1,700. If the ta
ycow [4]

Answer:

The net operating cashflows are 18,876 dollars.

Explanation:

Operating cashflows are cashflows which an entity generates from it core operations. In other words cash flow related to investment and finance activities do not form part of an entity operaing cashflows.

So in this example interest will not be part of operating cashflows.

For more details please refer to below given calculations.

OCF

Sales       46,200

Cost         (23,100)

Tax            (4,224) (W-1)

OCF          18,876

(W-1)  Calculating profit to find tax paid

(46,200-23,100-2,200-1,700)*22%

5 0
4 years ago
Match the terms with their descriptions. Customer Inquiry Quotation Customer Purchase Order A. An agreement to purchase the stat
REY [17]

Answer:

matched as below

Explanation:

A. An agreement to purchase the stated material, for the stated price, under the stated terms..<u>.Customer Purchase Order.</u>

A purchase order represents instructions contained in an order document given out by a customer to business to deliver the goods specified in the order. The customer has committed to buy the goods stated in the order. A customer will prepare a Customer purchase order based on a quotation provided by a business.

B. It spells out the availability and prices of the materials specified in the inquiry. It is prepared by the sales department. ..<u>Quotation.</u>

A quotation is a document prepared by a company detailing the availability of specified good or services and their prices. A quotation will be issued in response to an inquiry from a customer.  The sales department prepares the document in consultations with the stores department.

C. A request for information about the availability and prices of the products that a customer is interested in...<u>Customer Inquiry</u>.

A Customer Inquiry is a document that specifies items or services that customer would wish to buy from the business. The customer seeks to know if the company deals with specific products, their prices and availability.

5 0
3 years ago
With iOS, its particularly important for an app to minimize the persistent storage placed in the app's home directory. This is b
dexar [7]

Answer:In iOS, typically, apps store their data in a folder named Documents , that is saved in a location next to where the app itself is installed (†). It is important to note that you do not need a jailbroken phone to access this folder.

Explanation:

6 0
3 years ago
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