Following a new law requiring increased minimum wage rates, the company's operating costs rose significantly. However, since the wage increase, the company's profits have risen dramatically.Which of the following, if true, would help resolve this apparent paradox?【选项】When the minimum wage ...
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When ___, the problem of unemployment will arise.相关知识点: 试题来源: 解析 the minimum wage is set too lowthe minimum wage is set too low 解析:解答该题只需正确理解“Thus, critics claim,an increase in the minimum wage may cause unemployment.”如果不断提高最低工资的限制,那么就会导致失业的...
An increase in demand will have what effect on equilibrium price and quantity? Using the income and substitution effects explain why the demand of a good falls as its price increases. What happens if there is more supply than demand? How does scarcity affect prices? If price rises, what ...
Minimum wage alludes to the lowest pay that employers are allowed to give to their employees. In other words, this figure represents the smallest sum that employees should sell their labor for. This type of legislation is designed to prevent workers from be...
Finance leaders should implement reliable payroll software to automate calculations, withholdings, and reporting. Features like automatic tax updates, error checking, and integration with existing systems can reduce time-consuming manual calculations, prevent costly mistakes, and increase overall accuracy and...
a最低工资导致失业率增加 The minimum wage causes the unemployment rate increase[translate] a找到幸福 Found happily[translate] a他没事 He is all right[translate] abraced 支撑[translate] a雨中飘荡的回忆 In the rain flutters recollection[translate] ...
Increased labor costs can create cost-push inflation, such as when mandatory wage increases for production employees due to an increase in the minimum wage per worker. A worker strike due to stalled contract negotiations might also lead to a decline in production and, as a result, lead to hig...
aLabor intensive techniques of production are usually used in economies having sufficient supply of cheap labor. In many of developing economies, labor is organized and unionized. Despite fluctuations in market demand, labor force is subject to a minimum wage, which may increase cost of production ...
When more people are working, they have the power to spend, which leads to an increase in demand. And prices (inflation) soon follow. The opposite is true when unemployment rises. Is Inflation More Important Than Unemployment? On a general scale, unemployment is more important tha...