« previous next »

Author Question: If the minimum wage rate is set above the equilibrium wage rate, then A) unemployment definitely ... (Read 139 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?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

How would you rate your overall health?” The percent of adults answering “excellent” or ... How would you rate your overall health?” The percent of adults answering “excellent” or ...
Chemical equilibrium and the law of mass action. Chemical equilibrium and the law of mass action.
How to find the maximum and minimum of a quadratic relation How to find the maximum and minimum of a quadratic relation
Explain the myogenic autoregulation of the glomerular filtration rate Explain the myogenic autoregulation of the glomerular filtration rate
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Hardy–Weinberg Equilibrium Genotype Frequencies for Three Alleles of a Gene Hardy–Weinberg Equilibrium Genotype Frequencies for Three Alleles of a Gene
Video: What are Taste Receptors? How Does it Work? Animation

For a complete list of videos, visit our video library