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Author Question: If the minimum wage rate is set above the equilibrium wage rate, then A) unemployment definitely ... (Read 143 times)

awywial

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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

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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.


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