Business High School

2 Points
Which of the following is a restriction on both workers and producers that
keeps the labor market from being a completely free market?
A. Workers' reluctance to move.
B. The minimum wage.
C. Unemployment insurance.
w
D. The reserve wage.
SUBMIT

Answers

Answer 1

Answer:

The minimum wage

Explanation:

Related Questions

A salesperson obtains several listings by going door-to-door in a neighborhood and warning residents that property values will drop once members of minority groups begin moving into the neighborhood. This would be considered:

Answers

Answer:

Blockbusting

Explanation:

Blockbusting is defined as a practice where agents persuade owners to sell properties at a lower price by creating fears that people of another race or class will enter the area and property prices will drop.

The properties are sold afterwards for higher prices, therefore the agent makes profit.

This is a tactic used in the United States by real estate agents to convince white people sell property at a cheap price by creating fear of minorities entering the neighbourhood

Q2. 90% of flights depart on time. 80% of flights arrive on time. 75% of flights depart on time and arrive on time. Are the events, departing on time and arriving on time, independent?

Answers

Answer:

Events departing on time and arriving on time are NOT independent.

Explanation:

If two events A and B are independent, then

P(A and B) = P(A) * P(B)

Here

A = flights depart on time

B = flights arrive on time

P(A) = 0.90

P(B) = 0.80

If A and B are independent, then

P(A and B) = P(A) * P(B) = 0.9 * 0.8 = 0.72

Since

the observed value of P(A and B) is 0.75,

assuming that there are no observation errors, we conclude that the two events A and B are not independent.

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