« previous next »

Author Question: If the minimum wage rate is set above the equilibrium wage rate, then A) unemployment definitely ... (Read 133 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?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

The mortality rate in the United States increases with age and is lower for women than men at every ... The mortality rate in the United States increases with age and is lower for women than men at every ...
Static Stability & Environmental Lapse Rate Static Stability & Environmental Lapse Rate
Total Fertility Rate in Japan: Actual versus Forecast Total Fertility Rate in Japan: Actual versus Forecast
The dissociation equilibrium constants for the protonated form of alanine (a diprotic amino ... The dissociation equilibrium constants for the protonated form of alanine (a diprotic amino ...
AAC, Inc. is planning to issue $5,000,000 in 180-day maturity notes paying a rate of 12 percent ... AAC, Inc. is planning to issue $5,000,000 in 180-day maturity notes paying a rate of 12 percent ...
One generation of random mating produces Hardy–Weinberg equilibrium One generation of random mating produces Hardy–Weinberg equilibrium
Video: Muscle cell structures - actin, myosin and titin filaments

For a complete list of videos, visit our video library