Ask Question
BusinessBusiness
1 January, 10:55

Minimum wages create unemployment in markets where they create a

a. shortage of labor. unemployment of this type is called structural.

b. surplus of labor. unemployment of this type is called structural.

c. surplus of labor. unemployment of this type is called frictional.

d. shortage of labor. unemployment of this type is called frictional.

+5
Answers (1)
  1. 1 January, 13:14
    0
    B. Minimum wages can cause a surplus of labor and this type of employment is referred to as structural. The best way to think about this is that the "structure" of the economy is the cause of the surplus of labor because a increased minimum wage can entice more people to join the labor market.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Minimum wages create unemployment in markets where they create a a. shortage of labor. unemployment of this type is called structural. b. ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
A company has the following financial information: Sales $200,000 Net income 100,000 Depreciation 20,000 Interest 10,000 Taxes 5,000 What is the company's operating profit margin?
Answers (1)
What is morale? A. The strengths of a company B. The quality of a company's product C. The attitude of the people working at a company D. The values of the people working at a company
Answers (1)
Mc qu. 49 parsons corporation plans to ... parsons corporation plans to sell 18,000 units during august.
Answers (1)
If consumers increase their purchase of goods and services then a likely outcome for our economy is
Answers (1)
Jim, the CEO of a management firm, needs to deliver a presentation on work ethics to his employees. He has a thorough knowledge of his employees' educational backgrounds.
Answers (1)
New Questions in Business
Antonio would like to replace his golf clubs with a custom-measured set. A local sporting goods megastore is advertising custom clubs for $570 , including a new bag. In-store financing is available at 2.
Answers (1)
Conventional promotional efforts and "sale speak" should be used in all of a company's social media conversations to persuade the audience. true
Answers (1)
You have two investments. The value of Investment A at the end of April was $500, at the end of May was $600, and at the end of June was $400.
Answers (1)
2017 Sold $1,351,700 of merchandise (that had cost $981,800) on credit, terms n/30. Wrote off $21,500 of uncollectible accounts receivable. Received $670,400 cash in payment of accounts receivable.
Answers (1)
Which of the following types of value chain processes directly creates and delivers goods and services to customers? General management processes Postproduction processes Support processes Core processes
Answers (1)
Home » Business » Minimum wages create unemployment in markets where they create a a. shortage of labor. unemployment of this type is called structural. b. surplus of labor. unemployment of this type is called structural. c. surplus of labor.
Sign Up Forgot Password?