urfavgringo
28.09.2019 •
Business
In order for mutually beneficial trade to occur between two otherwise isolated nations:
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Ответ:
If each of the nations were able to provide at least a good relatively cheaper than of the other party then it will be able to provide mutual beneficial of the trade in terms of their isolated nations that occurs in both of the parties.
Ответ:
Some minimum wage workers will be better off since they will earn a higher salary, people are happy when they earn more money.
But other minimum wage workers may be worse off, since the quantity demanded for minimum workers will decrease, so it will be harder for them to find new jobs and some currently working might even get fired.
Basically all the fast food restaurant owners will be worse off, since they are forced to pay a higher than equilibrium price for labor, so their profit margins will be reduced.