« previous next »

Author Question: If the minimum wage rate is set above the equilibrium wage rate, then A) unemployment definitely ... (Read 135 times)

awywial

  • Hero Member
  • *****
  • Posts: 577
on: Jun 29, 2018
If the minimum wage rate is set above the equilibrium wage rate, then
 
  A) unemployment definitely increases.
  B) unemployment definitely decreases.
  C) unemployment either decreases or does not change.
  D) unemployment definitely does not change.
  E) None of the above answers is correct because the minimum wage decreases search but its effect on unemployment is ambiguous.

Question 2

Why are some insurance companies interested in programs for nationwide disaster insurance for floods, earthquakes, and hurricanes?
 
  What will be an ideal response?


ryrychapman11

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

Disasters are often regional, specific disasters are localized, and disasters occur at different times. By insuring for more risks together, companies can reduce the risks they would face in any single market.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

A comparison of gradualism and punctuated equilibrium. A comparison of gradualism and punctuated equilibrium.
Wilson and Simberloff's experiments on the equilibrium model of biogeography. Wilson and Simberloff's experiments on the equilibrium model of biogeography.
Relative rate test, calibrating the molecular clock, and calculating divergence dates. Relative rate test, calibrating the molecular clock, and calculating divergence dates.
Factors Affecting the Environmental Lapse Rate (ELR): Heating or Cooling of the Lower Atmosphere Factors Affecting the Environmental Lapse Rate (ELR): Heating or Cooling of the Lower Atmosphere
For each function f(x) = 6x^2 - 4, estimate the instantaneous rate of change for the given ... For each function f(x) = 6x^2 - 4, estimate the instantaneous rate of change for the given ...
One generation of random mating produces Hardy–Weinberg equilibrium One generation of random mating produces Hardy–Weinberg equilibrium
Video: Introduction to Breast Cancer

For a complete list of videos, visit our video library