--%>

Problem on Fair labor standards act

Can someone please help me in finding out the accurate answer from the following question. The Fair Labor Standards Act initially: (1) Was performed in the year 1858. (2) Outlawed minimum salaries. (3) Established a low minimum salary in a limited number of divisions in the economy. (4) Made communal bargaining illegal. (5) Forbade the employers to substitute union workers who went on the strike.

   Related Questions in Microeconomics

  • Q : Generates price and a quantity

    All prospective suppliers [sellers] would be in equilibrium when this market for teleporter buttons created a price and a quantity consistent along with: (1) eliminating the shortage Q1-Q3 existing at P3. (2) any point along the demand

  • Q : Distribution and production for social

    Society as entire benefits most when the distribution and production of penicillin corresponds to: (a) point a. (b) point b. (c) point f. (d) point d. (e) point g.

    Q : Define marginal revenue Marginal

    Marginal revenue: This is the change in total revenue by selling one more or a lesser amount of unit of commodity.

  • Q : Average cost of producing level of

    When the hourly wage rate (w) of $15 and the hourly price of capital (r) of $75, the average cost of producing any specified level of output into the long run will be minimized where: (1) MPPL = MPPK. (2) MPPL/MPPK =

  • Q : Labor Force Participation Rates The

    The percentage of a specified population who are either unemployed or employed is termed as the: (1) labor force participation rate. (2) work-force proportion. (3) labor supply. (4) substitution effect dominance rate. (5) income-leisure loss curve.

    Q : Marginal factor-Costs problem I have a

    I have a problem in economics on Marginal factor Costs. Please help me in the given question. The synonymous words marginal factor costs or marginal resource costs signify to the: (p) Cost incurred in generating an additional unit of the capital. (q) Cost to the resou

  • Q : Problem on numbers of Buyers Even when

    Even when each household’s demand curve didn’t shift, the market demand for the butter would increase if there were a raise in: (1) House-hold income. (2) People’s preferences for the butter. (3) Population. (4) Price of margarine.

  • Q : Post tax and transfer distribution of

    By looking the post tax and transfer distribution of income, all even constant, an increase into the progressivity of income taxes must: (w) shift the Lorenz curve outward. (x) shift the Lorenz curve upward. (y) not influence the Lore

  • Q : Law of Diminishing Marginal Utility

    The law of diminishing marginal utility might be evidenced by the person: (i) Smoking more however enjoying it less. (ii) Purchasing a new car subsequent to getting an increase. (iii) Distributing excess food to starving children. (iv) Who studies muc

  • Q : Question on utility function Assume a

     Assume a consumer with the given utility function: U = 3y1y2 + 5. Suppose y2 = 1, derive the marginal utility schedule for y1. In what direction is it moving?