Answer: Minimum Wage. Explanation: Minimum wage requires businesses to pay it’s employees a livable wage.
Which of the following best explains the effect of immigration on the labor market?
Which best explains the effect of immigration on the labor market? Immigration increases the supply of labor. Outsourcing increases the domestic supply of workers, driving down the price of labor.
Which of the following is one effect that globalization has had on the labor market in the United States?
Which is one effect that globalization has had on the labor market in the United States? Competition for jobs is greater.
Which of the following best explains why the law of supply and demand has an effect on the labor market?
Which best explains why the law of supply and demand has an effect on the labor market? Immigration increases the supply of labor.
Does immigration cause unemployment?
Unemployed workers are the group most likely to be affected by the presence of immigrants in their local labor markets, as they are actively competing for jobs. Fromentin (2012), using aggregated panel data for OECD countries, finds that immigration increases short- term unemployment but reduces long-term unemployment.
Which best explains why the law of supply and demand has an effect on the labor market?
Which is one effect that globalization has had on the labor market?
Globalization is clearly contributing to increased integration of labor markets and closing the wage gap between workers in advanced and developing economies, especially through the spread of technology. It also plays a part in increasing domestic income inequality.
Which best explains why the law of supply and demand has an impact on the labor market?
Which states one reason why the labor market isn’t completely free market?
Labor is a commodity. Which states one reason why the labor market isn’t a completely free market? Workers can’t always change jobs when they want to. Outsourcing increases the domestic supply of workers, driving down the price of labor.
Which situation is most likely to lead to the lowest prices?
The correct answer is: “demand decreases and supply remains the same”.
