The number of employees hired with a minimum wage is<u> lower</u> than it would have been at equilibrium.
A minimum wage operates as a price floor which is established above the equilibrium in the labor market to ensure that salaries do not fall below a certain level. If the minimum wage was not fixed, market forces would tend towards the equilibrum.
As the graph shows, when a minimum price is set above the equilibrium this generates an excess supply situation. The supply of labor is constituted by people who are willing to sell their work abilities in exchange for different wage levels. Therefore, if there is an excess supply situation, there will be workers who would be willing to work for the minimum wage but labor demand is not large enough at that same level. Therefore, a minimum wage brings unemployment .
Answer: C
Explanation: J.J and Raeshawn will probably benefit by having a mediation where they expose each other feelings towards one another and why they feel their friendship is falling apart; to be successful both should agree at a certain point in order to move on.
Answer:
0 brown triangle and a black star
Explanation:
It follow the format known as: <span>symposium-forum.
</span><span>In symposium-forum format, we can expect to see a chairperson that accompanied by several presenters (in most events it would be around three or four)
</span>This format is most commonly used in event that provide experts with an opportunity to propose their theory, findings, or their opinions regarding other experts' works.
Other things the same, if the U.S. price level falls, then <u>b. US residents want to buy more foreign bonds. The real exchange rate falls.</u>
<u>Explanation</u>:
The price level is the measure of overall prices for some set of goods and services produced in the economy. The price level refers the price of goods, services and assets in the country.
The price level is the major factor in determining the purchasing power of the consumer. Economist always keeps tracking the price level.
A foreign bond means purchasing a bond from the domestic market of the foreign country with the currency of their country.
