Minimum-wage laws and unions are similar to each other but different from efficiency wages in that minimum-wage law and unions Select one: a. prevent firms from lowering wages in the presence of a surplus of workers. b. cause unemployment, but efficiency wages do not. c. cause wages to be above the equilibrium level. d. cause the quantity of labor supplied to exceed the quantity of labor demanded, but efficiency wages do not. Clear my choice Previous page

The government often provides goods that are nonrivalrous and nonexclusive to overcome which market failure

After all revenue and expense accounts have been closed at the end of the fiscal year, income summary has a debit of $2,450,000 and a credit of $3,000,000. at the same date, retained earnings has a credit balance of $8,222,600, and dividends has a balance of $125,000. required: a. journalize the entries required to complete the closing of the accounts on december 31. refer to the chart of accounts for exact wording of account titles. b. determine the amount of retained earnings at the end of the period.

Consumers who participate in the sharing economy seem willing to interact with total strangers. despite safety and privacy concerns, what do you think is the long-term outlook for this change in the way we think about interacting with people whom we don't know? how can businesses to diminish worries some people may have about these practices?