I believe that currently, the highest minimum wage is in Washington, 9.45$. (City of Seattle has 11$). California has 9 Dollars, and Nevada 8,25$.
Answer:
Adverse selection of wage cuts
Explanation:
Adverse selection of wage cuts or Adverse selection in wages refers to the situation whereby there is adverserse selection in the labour market. Here the seller of labor is the worker, the buyer of labor is the employer.
It could occur where the worker or seller of labour has more information than the buyer, the employer, and thus tends to leave the organization when there is a wage cut because they know their productivity worth. It could also happen when the seller of labour has less information than the buyer and overestimates his worth.
Answer:
A
Explanation:
A command economy is a system where the government, rather than the free market, determines what goods should be produced, how much should be produced, and the price at which the goods are offered for sale. It also determines investments and incomes. The command economy is a key feature of any communist society.
Hopefully this helped! :D
-LavenderVye
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