Ask Question
BusinessBusiness
11 May, 10:35

Which statement is not true about the minimum wage?

Question 5 options:

Not everyone supports it.

It was created by a federal law.

Owners are not required to pay it to foreign workers.

It is the lowest legal wage that can be paid to most workers.

+3
Answers (2)
  1. 11 May, 10:36
    0
    Owners are not required to pay it to foreign workers.

    Explanation:

    Owners must pay it to any worker regardless of its nationality.
  2. 11 May, 10:46
    0
    The correct answer is the Owners are not required to pay it to foreign workers.

    Explanation:

    The employers or owners must pay it's workers irrespective of it's nationality.

    A minimum wage is the lowest salary that employers can pay legally to their workers. It is the price floor below which workers may give out their labor.

    Towards the end of the 20th century, most countries had introduced minimum wage legislation.

    Demand and supply models proposed that there may be employment losses and welfare from minimum wages. however, if the labor market is in a bad state (with only one employer present for hiring), the efficiency of the market can be increased by minimum wage.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Which statement is not true about the minimum wage? Question 5 options: Not everyone supports it. It was created by a federal law. Owners ...” 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
Are perfectly competitive markets allocatively allocatively efficient in the long run?
Answers (1)
If the issue price is $12 per share, what is the journal entry to record the sale of the shares? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i. e.
Answers (1)
Which of the following is correct? Increased education adds to the stock of human capital, not unlike building factories adds to the stock of physical capital. Third World countries are rich in human capital.
Answers (1)
Rising wages for women in the United States have increased: A) The percentage of married women in the workforce. B) The proportion of women working part time compared to working full time.
Answers (1)
Problem 15-12 Below is a list of prices for zero-coupon bonds of various maturities. Maturity (Years) Price of $1,000 Par Bond (Zero-Coupon) 1 $ 974.85 2 882.39 3 847.70 a. A 5.
Answers (1)
New Questions in Business
On January 2, year 2, Air, Inc. agreed to pay its former president $300,000 under a deferred compensation arrangement. Air should have recorded this expense in year 1 but did not do so.
Answers (1)
A home improvement firm has quoted a price of? $9,800 to fix up? eric's backyard. five years? ago, eric put? $7,500 into a home improvement account that has earned an average of? 5.25% per year.
Answers (1)
A budget surplus a. exists when government spending is greater than tax revenues. b. causes government debt to increase. c. occurs when the government has debt equal to zero. d. reduces the government's debt.
Answers (1)
Monique was looking for a venue for her wedding reception. When she visited one potential location, she noticed that the landscaping was not complete, and there was stained carpet in the lobby.
Answers (1)
A monthly fixed rate mortgage payment--- A. could change. B. never changes. C. increases annually. D. decreases annually.
Answers (1)
Home » Business » Which statement is not true about the minimum wage? Question 5 options: Not everyone supports it. It was created by a federal law. Owners are not required to pay it to foreign workers. It is the lowest legal wage that can be paid to most workers.
Sign Up Forgot Password?