« previous next »

Author Question: If the minimum wage rate is set above the equilibrium wage rate, then A) unemployment definitely ... (Read 49 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?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Tree species richness in North America is correlated with evapotranspiration rate. Tree species richness in North America is correlated with evapotranspiration rate.
Variation in the rate of evolution as a function of the strength of selection, assuming genetic drif Variation in the rate of evolution as a function of the strength of selection, assuming genetic drif
The rate of evolution in short­ and long­lived plants The rate of evolution in short­ and long­lived plants
U.S. Unemployment Rates for Emerging Adults (Ages 16-24) U.S. Unemployment Rates for Emerging Adults (Ages 16-24)
Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ... Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ...
Write equilibrium constant expressions for the following reactions in terms of concentration: Write equilibrium constant expressions for the following reactions in terms of concentration:
Video: Adolescent Diabetes

For a complete list of videos, visit our video library