« previous next »

Author Question: A rise in the dollar price of the Chinese yuan signals an appreciation of the yuan and a ... (Read 44 times)

dollx

  • Hero Member
  • *****
  • Posts: 558
on: Jun 29, 2018
A rise in the dollar price of the Chinese yuan signals an appreciation of the yuan and a depreciation of the dollar.
 
  Indicate whether the statement is true or false

Question 2

Most economists are in agreement that minimum wages cause unemployment and make some people worse off as a result. However, does that imply that it makes everyone worse off? Who might benefit?
 
  What will be an ideal response?


zogaridan

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 29, 2018
Answer to Question 1

TRUE

Answer to Question 2

Clearly people who are still fortunate enough to hold on to their jobs will experience a rise in their income. Also, minimum wage laws typically cover work done by workers who have lower levels of skill because of youth, inexperience and lack of education and training. The higher wages that they earn makes other workers labor demand rise if it is considered as a substitute for low skilled minimum-wage-protected workers.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Traditional Chinese Medicines Reveals Legality Issues and Health Safety Concerns Traditional Chinese Medicines Reveals Legality Issues and Health Safety Concerns
Chinese Water Deer Chinese Water Deer
Nerves can transmit many signals at the same time Nerves can transmit many signals at the same time
Average Global Temperature Rise over the Past Century Average Global Temperature Rise over the Past Century
Constance King and Mae Chinn hang an NRA poster—including a Chinese translation—encouraging ... Constance King and Mae Chinn hang an NRA poster—including a Chinese translation—encouraging ...
Chinese new year 2023 Chinese new year 2023
Video: Alzheimer's Disease

For a complete list of videos, visit our video library