Answer:
a) has a significant effect on the unemployment rate since a large part of the labor force earns the minimum wage.
Explanation:
The minimum wage law ensures that all employees have a minimum income to live with dignity. Although there is a big debate among economists, the liberal current suggests that the minimum wage law has a major impact on the unemployment rate, especially among the poorest. According to these economists, the minimum wage is instituted above the productivity level of most people, which causes companies to lose efficiency. If wages were fluctuating, according to market law, more workers would probably be hired for wages tied to their productivity. Therefore, among the options, the first seems to be the most correct.
Answer:
The answer is D. Lagging Adopters
Explanation:
Lagging Adopters is the answer because, this group is slow to adapt to new ideas or technology. They tend to adopt only when they are forced to or because everyone else has already.
If minimum wage didn't exist, then there would be nothing stopping companies from paying there workers basically nothing. They could grossly underpay all workers and not get in trouble for it.
