Business

24 December, 04:46

An effective minimum wage policy in a competitive market will increase unemployment and increase the total earnings of labor only if the demand for labor is (A) relatively inelastic (B) relatively elastic (C) unit elastic (D) greater than the supply (E) positively related to the wage rate

+3

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question 👍 “An effective minimum wage policy in a competitive market will increase unemployment and increase the total earnings of labor only if the ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.

Search for Other Answers

You Might be Interested in

A consumer would pay an extra if they used the rent to own program to buy the computer, rather than using cash. For all of the items, using is the cheapest option over the life of the contract.

What do you call the rain that contain many chemical and is harmful

Exxon mobil and shell are two of the relatively few sellers in the oil-refining industry. Due to the tremendous capital investment required to enter this industry, these companies are insulated significantly from the threat of new competitive

Which is an example of closed-end credit?

Assume that you have invested $100,000 in Japanese equities. When purchased the stock's price and the exchange rate were ¥100 and ¥100/$1.00 respectively. At selling time, one year after purchase, they were ¥110 and ¥110/$1.00.

New Questions in Business

A structure within which executives, managers, specialists, and workers are broken out is commonly known as what type of structure?

What way of calculating ROI makes it easiest to compare investments?

Select the correct answer. Which assumption is a factor in Ricardo's Theory of International Trade? A. trade flow is restricted across borders B. trade laws are different in different nations C. labor is an irrelevant factor of production D.

Some company executives favor the idea of contract manufacturing using local players, whereas others feel a direct investment strategy would be better. What would most strengthen argument for direct investment?

A company has a defined benefit pension plan for its employees. On December 31, year one, the accumulated benefit obligation is $45,900, the projected benefit obligation is $68,100, and the fair value of the plan assets is $62,000.