A minimum wage is ______. A. Efficient if the wage paid rises and more people look for
Question:
A minimum wage is ______.
A. Efficient if the wage paid rises and more people look for jobs
B. Inefficient if workers’ surplus decreases and firms’ surplus increases
C. Inefficient if job search increases and total surplus decreases
D. Efficient if workers’ surplus increases and firms’ surplus decreases
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 63% (11 reviews)
C The minimum ...View the full answer
Answered By
Pushpinder Singh
Currently, I am PhD scholar with Indian Statistical problem, working in applied statistics and real life data problems. I have done several projects in Statistics especially Time Series data analysis, Regression Techniques.
I am Master in Statistics from Indian Institute of Technology, Kanpur.
I have been teaching students for various University entrance exams and passing grades in Graduation and Post-Graduation.I have expertise in solving problems in Statistics for more than 2 years now.I am a subject expert in Statistics with Assignmentpedia.com.
4.40+
3+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Explain why a minimum wage is unfair.
-
A higher minimum wage means some low wage workers will get fired because there will be less money available for labor costs. An international minimum wage, scaled according to the working conditions...
-
Which method is economically efficient if the wage rate is (i) $5 an hour? (ii) $50 an hour? (iii) $500 an hour? Four methods of completing a tax return and the time taken by each method are: with a...
-
Explain in detail the role of data analytics in healthcare.
-
Briefly describe two federal regulations intended to ensure that individuals can maintain continuous health care coverage if their employment status changes.
-
You are evaluating Atlas fund. The following data, relating to the performance of the Atlas Fund and the Market Portfolio over a recent year, are available. Measure Atlas Fund Market Portfolio...
-
Explain briefly the principle of conversion of solar energy directly on to electrical energy in a solar cell.
-
Lee Nicholas has been the owner and has operated World.com Advertising since its beginning 10 years ago. The company has prospered. Recently, Nicholas mentioned that he would sell the business for...
-
A sphere of 10 N is hanged as shown in figure. Find tension in the rope and reaction of wall. Wall- T R- 10 N String Sphere 60 120 R 90 10 N Free body diagram
-
Allie has bought a new apple orchard. The orchard has a single file of trees, numbered from 1 to N. Each tree has a certail number of ripe apples. Allie has a rule she wants to follow. She wants to...
-
Some Seattle restaurants struggle with $15 minimum wage 5 years later Seattle voted to raise the minimum wage to $15 an hour nearly five years ago. It radically changed the way restaurants do...
-
Suppose that the government introduces a production quota for mushrooms and sets it at 2,000 pounds a week. What is the market price of mushrooms? Calculate the producer surplus and the deadweight...
-
Use Worksheet 7.2. Constance Botin wants to buy a home entertainment center. Complete with a big-screen TV, DVD, and sound system, the unit would cost $4,500. Constance has over $15,000 in a money...
-
On January 1, 2024, Al-Mahed Company issued 1,000, 14%, 10-year $1,000 bonds at 105. Each bond was issued with one detachable stock warrant. Shortly after issuance, the bonds were selling at 102, and...
-
You want to buy life insurance. List and explain/describe three different options you have for the purchase (marketing systems), e.g. affiliated agent, direct response, etc. Which would you choose?...
-
What is capital budgeting decision? Discuss in detail various decisions
-
For the customer with the highest percentage contribution to revenue, trend of the customer's percentage contribution over the years is increasing or decreasing? Justify your answer.
-
Justify Australia s approach of imposing its set of accounting standards on all reporting entities, irrespective of whether they are profit seeking.
-
Suppose that the current Swiss franc to U.S. dollar spot exchange rate is $:SFr = 1.60. The expected inflation over the coming year is 2 percent in Switzerland and 5 percent in the United States....
-
Research corporate acquisitions using Web resources and then answer the following questions: Why do firms purchase other corporations? Do firms pay too much for the acquired corporation? Why do so...
-
Explain how the price that U.S. consumers pay for goods from Mexico and the quantity of U.S. imports from Mexico have changed. Who are the winners and who are the losers from this free trade?
-
Tim buys 2 pizzas and sees 1 movie a week when he has $16 to spend, a movie ticket is $8, and a pizza is $4. Draw Tims budget line. If the price of a movie ticket falls to $4, describe how Tims...
-
Thinking of a Gap store as a production plant, explain why Gap is making a decision to reduce the size of its stores. Is Gaps decision a long-run decision or a short-run decision?
-
Explain in your own words the different types of anesthesia, including what types of procedures each are used for.
-
Explain does Qualitative research is the most common form of research in leadership studies? Why and how?
-
In what ways does Texas try to limit the political power of the bureaucracy?
Study smarter with the SolutionInn App