if the minimum wage rate is higher than the equilibrium wage rate, fewer people will be hired because the cost of labor is too high:" Do you agree or desagree? explain your answer

What term best describes the relationship between units of a good demanded across a range of prices?

Which type of workplace culture emphasizes the development of new skills? a. achievement-based b. adaptive-based c. involvement-oriented d. consistency-oriented

Alexandra owns a small landscaping business. She hires a part-time employee to handle the bookkeeping activities. Which factor of production does this employee represent? A. Physical resources B. Capital C. Labor D. Entrepreneurs E.

Regrading business strategy, which one of the following items drives the other three items? A) Competitive Strategy B) Competitive forces C) Competitive Advantages D) Competitive Scope

The Strug Company purchased office furniture and equipment for $8,600 and agreed to pay for the purchase by making five annual installment payments beginning one year from today. The installment payments include interest at 8%.

A natural monopoly's preemption of entry by other firms by exploiting its economies of scale is an example of

The best way for a franchisee and franchisor to evaluate each other is Question options: for the potential franchisee to go to a sales presentation. for the potential franchisee to spend time working in a franchise location.

Ronald Reagan believed that reducing income tax rates would A. raise economic well-being and perhaps even tax revenue. B. lower economic well-being, even though tax revenue could possibly increase. C. do little, if anything, to encourage hard work.

Unlike niche-oriented shopping bots, broad-based shopping bots: select one: a. give pricing power to the retailers. b. search for prices for only one type of product. c. operate using a yellow pages type of model. d.

What are the pros and cons of Toyota's structure and what are the most important elements of Toyota's organizational structure?