Questions LLC
Login
or
Sign Up
Ask a New Question
Economics
Government Intervention
Minimum wage
If the government decides to set a price above the minimum wages, what will be the effect on wage? Explain in one sentence
1 answer
The wage will increase, as the government-imposed price above the minimum wage serves as a new price floor, ensuring higher wages for workers.
You can
ask a new question
or
answer this question
.
Related Questions
Using specific numbers from the graph, explain what would happen in this market if a new minimum price of $15 was instituted by
The price elasticity of demand for imported whiskey is estimated to be −0.20 over a wide
interval of prices. The federal
Marketing tells you that if you set the price of an item at $10 then you will be unable to sell it, but that you can sell 500
Which of the following accurately describes an economic push factor?(1 point) Responses sharing cultural identity sharing
If the government decides to set a price above the minimum wages, what will be the effect on wages? Explain in one sentence.
Identify which of the following examples reflects a way Adam Smith thought the government should be involved in the economy. (1
Identify which of the following examples reflects a way Adam Smith thought the government should be involved in the economy.(1
Identify which of the following examples reflects a way Adam Smith thought the government should be involved in the economy.(1
a. The Keynesian model argues that prices are sticky. One reason supporting this argument is that
Part 2 A. nominal wages are
which of the following is a source of risk for businesses
stakeholder interest tat affect the community profit goals that are not