tate true or false with reason

Q: Are minimum-wage laws a better explanation forstructural unemployment among teenagers or…

A: Minimum wage laws set the lowest (min) level of wages or the least wages/salaries that must be paid…

Q: Increasing the minimum wage has no impact on employment, regardless of the size of the increase.…

A: Minimum wages refers to the minimum remuneration given to employee by employer for doing work by…

Q: people may chose to ofer less work at higher wages because the utility of lesier increases because…

A: Income refers to the amount earned by individuals or laborers in exchange for the services rendered.…

Q: A minimum wage law is predicted to produce   a. increased hiring of young and inexperienced…

A: In the labor market, equilibrium wage is determined by the forces of demand and supply. The demand…

Q: On what grounds did Malthus criticize the common practice of giving aid to the poor in England at…

A: Thomas Robert Malthus was a famous British economist known for his population growth philosophies.

Q: The increase in marriages in which both spouses have a high paying job is given as explanations for…

A: United states being the largest economy in the world and with a very high per capita income has been…

Q: A certain amount of unemployment may be socially desirable because. a Unemployed workers are able to…

A: In an economy, when analyzing the labor market, it can be said that the policymakers and the market…

Q: Bojack wants to work full time as an actor. However, currently, he has no acting jobs, so he works…

A: Part time workers are considered as employed and part of labor force. A person working 20 hours a…

Q: Which of the following statements correctly describe discouraged workers? (If none of the choices…

A: In an economy, people face difficulties in finding jobs due to lack of opportunities available in…

Q: One policy based source of structural unemployment is     retraining programs     economic…

A: Unemployment refers to a situation when a person wants to work but he can not find a paid job.

Q: waiters/waitresses are paid largely in the tips they receive from customers rather than in wages

A: Restaurant waiters and waitresses largely get wages in the form of tips. This is the process set to…

Q: Millennials is also known as____. (fill in the blank)

A: The term millennials are referred to people who were born between the 1980s and early 2000s. These…

Q: Suppose we have the following labor survey data: 100,000 people in the civilian,…

A: Given  Labor force =80,000 Number of employed person =76000

Q: Describe how the firm decides whether to offer a safe working environment or a risky environment.

A: Ste 1-  The safety of the workplace is very necessary for each employee of the firm where they can…

Q: A minimum wage results in: Select one: a. unemployment if it is set below the market-clearing wage.…

A: In the labor market, the equilibrium occurs at the point where the labor demand is equal to the…

Q: Minimum-wage laws a.        create unemployment.         b.       do not apply in states with…

A: Unemployment is the situation when people are employable and seeking it but cannot find a job.

Q: Which of the following statements correctly describe discouraged workers? (If none of the choices…

A: The employed person and seeking employment between the age of 16 and 64 are coming under the labor…

Q: In the United States, since the 1970s: the poorest 20% of wage earners has gained a greater share of…

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: What is the theory of efficiency wages? Provide two reasons that employers might pay efficiency…

A: Theory of efficiency wages- The possibility of the efficiency wage theory is that rising wages can…

Q: Why do efficiency wages generate involuntary unemployment? What factors prevent the market from…

A: The efficiency wage theory asserts that productivity of labour can be raised by increasing their…

Q: High earners often employ others to do their domestic work. What economic concept reveals this to be…

A: The economics as a study is based upon the idea that the resources which the economies have are…

Q: The labor force is made up of all people who are at least 16 years old and are capable of working.…

A: (Q) The labor force is made up of all people who are at least 16 years old and are capable of…

Q: How will you justify increase in real wages in a predominantly agrarian economy such as Britain…

A: Agrarian economy is a rural economy rather than urban based. In this type of an economy people are…

Q: Example of government transfer can be: Select one alternative: building public school pension…

A: Government Transfer:- Government Transfers refers to the payments made by governments without…

Q: Which of the following statements correctly describe discouraged workers? (If none of the choices…

A: Unemployment refers to the situation where a person who is ready to work does not have work is not…

Q: Identify THREE public policies that can stimulate employment and discuss the impact of each.

A: In an economy, unemployment is considered as one of the primary economic issues because it affects…

Q: As more people from the baby boom generation retire this will cause _____ (no change in/rise/fall)…

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: Earning a college degree has some well-known and well-documented advantageous impacts on an…

A:

Q: According to efficiency wage theory, what is NOT a reason that companies want to pay an efficiency…

A: Efficiency wage theory says that firms pay workers above competitive wage.

Q: Which of the following statements correctly describe discouraged workers? (If none of the choices…

A: ANS Discouraged workers are those workers who are unemployed and are not actively searching for work…

Q: The growth of the temporary worker industry has probably helped to reduce the natural rate of…

A: Unemployment is a situation in which a person who is willing and able (capable) to work do not find…

Q: A right to work law is a law which requires all employees to join the union. O requires the…

A: If a person is willing to work, there are laws that do not favour collective bargaining agreements…

Q: What reasons do Arnold and Bowie give for doubting Maitland’s claim that improving employee wages…

A: According to Arnold and Bowie, Maitland's assumption that raising employee compensation will…

Q: Malthus was the first theorist to introduce a well- developed exogenous theory of wages. The…

A: The iron law of wages is a proposed law of financial aspects that states that genuine wages…

Q: Some economists argue that minimum wage policy does not always lead to the unemployment consequences…

A: A minimum wage law refers to a law that decides the minimum wage rate that an employer should pay to…

Q: Proponents of socialism contend that it willa. prevent workers from exerting significant control…

A: Meaning of Economics: The term economics refers to the situation under which there remain…

Q: Full employment is related to how well a person’s skills match his or her job. True or false

A: We are going to discuss the definition of full employment in an economy to answer this question.

Q: When lenders decide to discrimination against certain groups and refuse to give them loans to buy…

A: Note: In the BNED Guidance, only the first question can be answered at a time. Resend the question…

Q: Why should there be a standard work- week rather than a situation in which individual workers are…

A: There are many reasons for a standard workweek instead of free will:- - If there is no standard…

Q: Reducing occupational immobility of labor is the only way of decreasing the level of unemployment.…

A: Meaning of Occupational Immobility Of Labor: Here the term immobility of labor describes the…

Q: Give three of explanations for how efficiency wages might work.

A: Efficiency wage is the concept which states that a worker increases his productivity with the…

Q: Involuntary unemployment: OPTIONS: will increase as the wage rate falls. exists when there is a…

A: Unemployment occurs when a person who is capable and willing to work but is unable to find suitable…

Q: Which of the following statements correctly describe discouraged workers? (If none of the choices…

A: The discouraged workers are those who are fit for employment but are currently not in search of job.…