Suppose government imposed a minimum wage above the equilibrium wage.
a. assuming nothing else changes, what do you expect to happen to the resulting shortage of jobs as time progresses?

Answers

Answer 1
An increased minimum wage could result in an increased job shortage as employers struggle to make ends meet. Eventually workers with those higher paying jobs will achieve savings or debt goals and return money to the economy, thereby adding new jobs.

Related Questions

Is the business relationship between the statler group and kellogg-champion securities a lost cause?

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The crux of the problem is the incorrect framing of tasks to be undertaken by Statler Group consultants. This has been the cumulative result of the lack of understanding of merger situations by Kellogg 

There are currently more than _____ intelligence tests available.

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1 million!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
one hundred.one hundred.one hundred.one hundred.one hundred.one hundredone hundred.one hundredone hundredone hundred.one hundred

(tco 7) medical costs consume nearly _____% of the u.s. gross domestic product, most of it paid through government and private health insurance.

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The answer is: 18%

Approximately, the total amount of medical cost that the government had to cover is around 2.9 Trillion Dollars every years.

Since the Gross Domestic product of united states is approximately around 16.1 Trillion dollars every year, the percentage of the medical cost is:

2.9/16.1 x 100 = 18.01% from total GDP

The medical costs consume nearly 18% of the U.S. gross domestic product, most of it paid through government and private health insurance.

Further Explanation:

GDP of US:

The maximum percentage of GDP of the United States is spent on services for health care. The government expenditure on health care is the same but private health care spending is higher in comparison with other developed countries. The spending in Private health care is about nine percent. The reasons for high costs are higher physicians’ salaries, high medicine spending per capita and inflated health care administration costs.

The public spending is for these health care programs namely, Medicaid, Children’s Health Insurance Program, Medicare and subsidies provided to low income group.

The total expenditure incurred in providing health care services is $3.5 trillion out of which expenditure of  $1.5 trillion is indirectly or directly incurred by the government. The $3.5 trillion amounts to about 18% of the Gross domestic product of the United States.

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Answer details:

Grade: High School

Subject: Economics

Chapter: Fiscal Policy

 

Keywords:  medical costs consume nearly, 18% of u.s. gross domestic product, medical costs paid through government and private health insurance, most of it.  

During the​ summer, the country club hires college students to tend the grounds and work as servers in the dining hall. the number of students varies year to​ year, depending on the number of members. these students are considered​ ___________ workers.

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The students in the scenario are considered to be as contigent workers of which are usually termed to be as independent contractors or even freelancers. This type of worker is usually high skilled with what they are made to do and they usually don’t receive any salary or even benefits.

The document that lists the steps of the budget process is the

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Data Aggregations
Development Budget

The document that lists the steps of the budget process is the Budget calendar. Thus, the correct option is third.

What is Budget?

Budget refers to the blueprint of the expenses and income of the individual or the corporation. It is the estimation of the net revenue after deducing all losses and expenses for the specific period of time. After the expiry of the specific period, the new budget is prepared.

Most consumers have financial constraints, the quantity of utility they obtain from a specific product is proportional to the price of that commodity.

A budget calendar is a schedule that records the amounts and dates of payments. It's a useful tool for estimating how much cash will come in and go out in a particular month. Therefore, it can be concluded that the correct option is third.

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Your question is incomplete, but most probably the full question was….

Budget summary

Budget worksheet

Budget calendar

Budget request

What is the smallest acceptable annual income from a project which has a?

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znajjzsjdjsjkaksxjdjs

. Assume you are participating in your employer's direct deposit program. On payday, the employer deposits your ________ into you bank account

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On pay day, the employer deposits your NET SALARY into your bank account.
Direct deposit program is a salary payment program in which an employer works together with the bank to deposit the employees salary directly into their accounts on the pay day of each month.

A statistician prepared a bar chart showing, in descending order, the frequency of six underlying causes of general aviation accidents (pilot error, mechanical problems, disorientation, miscommunication, controller error, other). what would we call this type of chart? pivot table pareto chart log scale chart frequency polygon

Answers

The answer is: Pareto chart

Pareto chart is the combination of line and bar graphs. This type of chart is usually used to present data with frequency of nonoccurence and unite measurement at the same time.(frequency of accidents and number of factors that cause the accidents. )

Other than that, Pareto chart is also commonly used in quality control or searching the highest cause of defects.

The option (B) is correct. The chart prepared by the statistician showing the frequency of six underlying causes of general aviation accidents, in descending order is Pareto chart

Further Explanation:

Pareto chart: It is a chart type that consists of both a line graph and bars, where the line graph is used to represent the cumulative total and bars are used to represent individual values in descending order.

Justification for the correct and incorrect answer:

A.

Pivot table: This option is incorrect.

It is a table that is used in statistics to summarizes the data from a more extensive table like a database, business intelligence program, or spreadsheet. The graphs can be prepared by using the pivot table.

B.

Pareto chart: This option is correct.  

It is a chart type that consists of both a line graph and bars, where the line graph is used to represent the cumulative total and bars are used to represent individual values in descending order.

C.

Log scale chart: This option is incorrect.

It is a type of chart that uses a scale in which two equivalent changes in the price are represented using the same vertical distance on the scale.

D.

Frequency polygon: This option is incorrect.

It is a graph prepared by joining midpoints of every bin or interval with the help of the line.

Therefore, the chart prepared by the statistician is a Pareto chart.

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Answer details:

Grade: Middle School

Subject: Economics

Chapter: Analysis of data

Keywords: A statistician, a bar chart, in descending order, the frequency, six underlying causes, general aviation accidents, pilot error, mechanical problems, disorientation, miscommunication, controller error, others, pivot table, Pareto chart, log scale chart, frequency polygon.

managing information effectively can result in better service as well as increased security collaboration and what
1. team spirit
2. risk
3. networking
4. efficiency

Answers

The answer is D-Efficiency

What is an important issue for our times, but is currently under-discussed? why do you believe this? (limit 1800 characters)?

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An important issue of our time is the effect the Green Revolution can have in Africa. Currently in Africa several regions are experiencing droughts that has the effect of causing state wide famines in the continent. The Green Revolution has helped Asia and Mexico avoid famine, but the next goal in today's modern world needs to be Africa. However, the battle will be between teaching farmers how to implement the new technology and how to implement the expense of new technology. More news coverage needs to happen on this topic.

You must go on a trip to china for your work. do not give your hosts presents that cost a lot. they might be embarrassed. they might not accept them. combine the sentences. choose the correct answer.

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The correct answer is this: When on a business trip in China, avoid giving expensive gifts to your hosts; they may cause embarrassment or even be refused.
Different culture perceives issues differently and as a business professional one has to learn the culture of the people where one found himself and act accordingly.

True or false? under medicare part a, a beneficiary can have an unlimited number of benefit periods.

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True depending on what you pay. Depending on what is payed (it is all tabled) you may have more or less days on your benefit periods up until no limit. In the end, it is a health insurance, and as everything that's payed, it has limits or not depending on what is payed. 

Which of the following is not something that will help you pay off credit card debt?
a.
Stop using your credit cards.
b.
Make extra payments when possible.
c.
Make a realistic budget to make regular payments and stick to it.
d.
Transfer existing credit card balances to credit cards with "low introductory rates."

Answers

For edg its D. Transfer existing credit card balances to credit cards with "low introductory rates"

The simplest method to avoid credit card debt is to only charge items you can afford to pay for. Hence option D is correct .

What are the ways to  pay off credit card debt?

Make sure you're paying off your balance completely as well as on schedule.

Utilizing a credit card might assist you in establishing a solid financial base. However, credit card debt may easily mount up. In challenging times, that is especially true. This article can assist you if you have credit card debt and wish to pay it off.

Your credit score can be significantly impacted by the balance you carry from month to month on your credit card. In fact, nearly a third of your credit score is actually determined by your credit use ratio, or how much you now owe in relation to your entire credit limit.your result.

In general, experts advise trying to maintain your credit utilisation percentage under 30%. Accordingly, if the credit limit on your card is $5,000, you shouldn't owe more than $1,500 at any given time.

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You write a short story, but you want to make sure your work is protected before you post it online. What should you do to help protect your copyright?

Answers

The copyright process involves three things: a completed application form, a filing fee and a copy of the work to be registered with the copyright office. There are two main methods of filing for copyright. The first is using an online form, and the other is mailing in paper forms.

A work team is a small number of people who have been assigned responsibility for pursuing a common purpose, achieving performance goals, and improving interdependent work processes.

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The answer in the statement provided above is false. It is because it is true that a work team have the purpose of having responsibilities and tackling their common purpose in achieving performance groups and improving their work process interpedently but a work team is not necessarily to be in a small number of people but they could also be composed of large number of people working for their common purpose and goals.

In which of the following ways can a person earn an income? A. Investment B. Salary C. Savings D. Wage

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I'm pretty sure the answer is B and D. Hope this Helps!
A. Investment (You invest in something, let's say I have a lemon stand and I need 10 dollars to start it up. Let's say I will give you 50% of what I earn for a week. I make 100 dollars in that week, you will have made 40 dollars off of that 10 dollars you gave me to start the lemon stand)
B. Salary (Is what you get paid at a job. Let's say I make 40,000 dollars a year. My salary would be 40,000 dollars a year.)
C. Savings (What you put away for the future)
D. Wage (How much you get paid. Example: my wage is 20 dollars per hour)
Answer: B. Salary, D. Wage. Both forms of income.

You've just joined the investment banking firm of dewey, cheatum, and howe. they've offered you two different salary arrangements. you can have $7,400 per month for the next two years, or you can have $6,100 per month for the next two years, along with a $33,000 signing bonus today. assume the interest rate is 6 percent compounded monthly. if you take the first option, $7,400 per month for two years, what is the present value? (do not round intermediate calculations and round your answer to 2 decimal places,
e.g., 32.16.) present value $ what is the present value of the second option? (do not round intermediate calculations and round your answer to 2 decimal places,
e.g., 32.16.) present value $

Answers

Final answer:

To calculate the present value of each salary option provided by the investment banking firm, use the present value of an annuity formula for the monthly payments and add any lump-sum payments received today without discounting. Keep intermediate calculations exact and round the final answers to two decimal places.

Explanation:

The question asks to calculate the present value of two different salary arrangements under a 6% monthly compounded interest rate. To find the present value of the first option ($7,400 per month for two years), we use the present value of an annuity formula. Similarly, we calculate the present value of the second option ($6,100 per month for two years and a $33,000 signing bonus), by adding the present value of the monthly payments to the present value of the signing bonus.

For the first option:

Monthly Payment (PMT): $7,400Number of Periods (n): 24 months (2 years)Monthly Interest Rate (i): 0.5% (since 6% annually compounded monthly)Present Value (PV) formula for an annuity: PV = PMT × [(1 - (1 + i)^-n) / i]

Applying this to the first option:

PV = $7,400 × [(1 - (1 + 0.005)^-24) / 0.005]

For the second option:

Present value of the annuity (monthly payments): Calculate as above with PMT = $6,100Present value of the signing bonus: $33,000 (since it's received today, no discounting)Add the two present values to find the total present value of the second option.

Remember to keep intermediate calculations exact and round only the final result to two decimal places.

Both the employee and the employer contribute to the F.I.C.A. fund and to the Medicare program. True or False

Answers

true, the employer and employee will have to contribute to F.I.C.A and the Medicare program. 

When a government introduces regulations addressing worker safety and environmental protection, it affects businesses and consumers. Businesses face (lower cost, higher cost, less competition, or more competition) because they must alter existing infrastructure to meet regulations. As a result, consumers pay (less, more, or the same) for produced goods.

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The answer is businesses face higher cost, because they must alter existing infrastructure to meet regulations. As a result, consumers pay more for produced goods

In the near term, new regulations will almost necessarily raise costs for the business and thus prices for the consumer. However, in the long run, regulations can drastically cut costs to the economy due to the negative externalities that they prevent.

Two drivers, walt and jessie, each drive up to a gas station. before looking at the price, each places an order. walt says, "i'd like 10 gallons of gas." jessie says, "i'd like $10 worth of gas." what is each driver's price elasticity of demand

Answers

In the question above, Walt asks for 10 gallons of gas while Jessie asks for $10 worth of gas. In both the cases, the drivers need gas but Walt is concerned about the quantity of gas and Jessie is concerned about the price of the gas.
In case of Walt, the price elasticity of demand is zero because he want 10 gallons of gas regardless of the price of gas per gallon. While in case of Jessie, the price elasticity of demand is one because he wants to buy gas worth $10, no matter what is the price of the gas per gallon.
Final answer:

Walt and Jessie demonstrate two types of demand behaviour: Walt shows perfectly inelastic demand and Jessie displays perfectly elastic demand based on their responses.

Explanation:

In economics, the term price elasticity of demand refers to the sensitivity of the quantity demanded of a good or service to a change in its price.  In this context, Walt and Jessie show two types of demand behavior. Walt exhibits perfectly inelastic demand because he wants to purchase a specific quantity (10 gallons) regardless of the price. On the other hand, Jessie shows perfectly elastic demand because he only wants to spend a specific amount of money ($10) on gas - if the price goes up, he will buy less gas and if the price goes down, he will buy more.

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When they produce 20,000 units per month, sanders incorporated has variable costs of $392,000 and fixed costs of $242,000. if sanders increases their production to 25,000 units, by how much will their budgeted costs increase?

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On a average of 12.1cent per unit ($242000 divided 20,000 gives a fixed cost) they will increase their budget to $302,500 fixed cost giving a total increase of $60,500.

If a special sales order is accepted for 5,000 sails at a price of $125 per unit, and fixed costs remain unchanged, what would the effect on operating income be

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If a special sales order is accepted for 5,000 sails at a price of $125 per unit, and fixed costs remain unchanged,the effect on operating income be Increase by $225,000. Since fixed costs remain unchanged, operationg income would increase. If fixed costst remain changed, operationg income would decrease.

The quantity of reserves that banks must hold against deposits is called

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The quantity of reserves that banks must hold against deposit is called RESERVE REQUIREMENT. 
Reserve requirement is a central bank regulation which set the minimum amount of reserve that must be held by commercial banks against specified deposit liabilities.

Write a function call with arguments tensplace, onesplace, and userint. be sure to pass the first two arguments as pointers. sample output for the given program:

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functionname(&tensplace, &onesplace, userint); The assignment was to write a function call so I assumed the syntax of the function. The sample output of the program was not given, so I assumed this did not mater. I also assumed the functions name and that the language was C++. A function is called by it's name with the arguments as a comma separated list inside parentheses. A & is used to denote the address of in C++. &tensplace and &onesplace gives a pointer to the variables tensplace and ones place. userint is passed by value.

In return for participation and cooperation in instituting a major organizational change, marietta textiles employees received two extra days of paid vacation. this is an example of which method of dealing with employee resistance to change

Answers

When employees feel like lose powers or tasks during the change process, it is important to keep them motivated. Offering financial or mental incentives can move employees into a positive direction. The employee can be offered incentives to leave the company early, their contracts may be adjusted or another job or promotion is offered. This method is actually called Negotiation and rewards.

List one method for accepting a job offer and one method for rejecting a job offer.

Answers

accepting there papers.
Accepting - Agreeing to the job terms and signing with the company interested in you

Rejecting - Declining job terms and not signing any form of documentation with the company interested

Rejecting #2 - Never speaking to the person trying to hire you, ignorance is the best rejecting method lol

A small business advantage is ________. friends can barter for goods and services the business needs colleges are more amenable to helping small businesses because they prefer working and writing about them than their larger counterparts the ability to quickly adapt to customer needs they are more likely to employ part-time workers and use telecommuting

Answers

A small business advantage is that it has the ability of being able to adapt quickly in terms of the needs of the customers in which is an advantage because they are able to provide the needs of the customers and by this, it can also lead a positive affect towards them because this is an ability of attracting more customers to their business.

A company purchased a tract of land for its natural resources at a cost of $1,920,500. it expects to mine 2,150,000 tons of ore from this land. the salvage value of the land is expected to be $265,000. the depletion expense per ton of ore is:

Answers

Depletion expense (E) is equal to the Fixed Cost minus the Salvage Value divided by the tons of ore to be mined. The equation would then be: E = ($1,920,500 – $265,000) / 2,150,000. Therefore, E is equal to $0.77/ton of ore.

Jack complains that his wife is not sufficiently supportive, which causes him to do poorly at his job. jack's wife responds that his job performance, which results in a lower paycheck, forces her to work more hours in her part-time job. systems theorists point out that the real problem in this example is:

Answers

System theorists point out that the real problem in this example is dysfunctionality. Dysfunctionality is a way of providing a conflict in certain situations and that individual or the people involved in a situation are not harmonized that they are not able to maintain and function normally because of certain problems and lack of harmony.

According to the law of​ demand, quantity demanded decreases as​ ________, ceteris paribus.
a. demand decreases
b. demand increases
c. prices fall
d. prices rise

Answers

d is the answer :3333
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