Suppose a family in Ghana is dependent on the wages a child makes harvesting cocoa beans. Is it fair to force the child to stop working? What would this mean to the family?

Q: What is meant by the supply of labour to an occupation?

A: Supply of a good is the amount of that good which the sellers are willing and able to offer at each…

Q: what are the four broad categories of labor in order from lowest to highest paying?

A: The amount of mental, physical, and social effort needed to produce goods and services in a given…

Q: How does an increase in the minimum wage affect the economy ?

A: It is important to note how the increasing minimum wage would lead to multiple effects on the…

Q: what is the consequences of hybird-work environment that is changed by the US government towards us

A: What is the Hybrid Work Model, and how does it work?The hybrid work model is a company concept that…

Q: The supply of Labour in the country is determined by?

A: In each and every field of economics the market of labour is in general affected by the market…

Q: Quantity of Labor # of Keyboards per month 60 160 3. 240 4 280 300 If the price oft keyboards is $20…

A: A firm maximizes profit by hiring at a level where marginal product of labor is greater than or…

Q: Explain minimum wage and it’s determination in Ghana.

A: By improving the salaries of low-paid workers, the minimum wage can help to alleviate poverty among…

Q: 1.what is the  Working time and wage-effort bargain .

A: Bargaining is the ability to negotiate between two individuals or people.

Q: the supply of labor will not change if all prices and wage rates by the same percentage is it true…

A: The supply of labor will not change if all prices and wage rates by the same percentage  – False

Q: What are the effects of minimum wages?

A: The objective of this question is to understand the various effects of implementing minimum wages in…

Q: How does an increase in the minimum wage impact small businesses in terms of employment rates and…

A: Minimum wage is defined as the minimum amount that an employer is required to pay the employee for…

Q: the supply of labor will not change if all pricess and wage rates increase by the same percentage?…

A: If prices increase the supply for the good will also increase as firms will get higher price for the…

Q: vi What is a minimum wage? Explain why it may fail to help the poor households in an economy.

A: Minimum wage is basically determined as the negative or the minimum amount or the value of the…

Q: The demand for skilled workers in the United States has been increasing. To increase the supply for…

A: Wages are reduced because of excess supply of workers About 4.7 million low-skilled immigrants…

Q: What do you mean by labor surplus in Africa?

A: The labor demand curve is downward sloping while the labor supply curve is upward sloping.…

Q: How does the minimum wage affect the price and quantity of goods

A: The minimal amount of compensation that an employer is obliged to pay wage workers for the work done…

Q: What factor limits the amount a firm can pay a worker to produce a product?

A: The firm uses the labor or worker as long as it is profitable. The productivity of labor decides the…

Q: What happens to employment in country A after minimum wage is introduced?

A: Labor Force refers to the total number of workers that are willing to work at the given wage levels…

Q: minimum wage

A: Minimum wage is the least wage that can be paid by the authorities to employees legally. Workers…

Q: How do minimum wages affect wages, employment, and unemployment?

A:

Q: Do minimum wage laws help or hurt the economy?

A: An effective and binding minimum wage is imposed above free-market equilibrium wage rate. At higher…

Q: A visiting American executive finds that a foreign subsidiary in Bangladesh has hired a 12-year-old…

A: Cultural Relativist  cultural relativism stands for not judging society, situations, and things with…

Q: Draw a graph that shows the labor vs leisure for  US firms using undocumented immigrants.

A: The employment landscape in country U is centered on the nation's need for workers and their…

Q: How might a company continue to do business without paying higher wages?

A: Some of the jobs are really underpaid and there have been many reasons to it which is why laws such…

Q: How does increased immigration affect the labor market? How would the equilibrium wage and the…

A: The firms, and businesses tend to operate with the motive of providing goods, and services to the…

Q: Define human trafficking Explain the reasons for human trafficking. What are the consequences on…

A: Human trafficking is the modern form of slavery. It is one of the most occurring crime at the…