--%>

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 : Problem on deadweight loss Assume that

    Assume that the domestic demand for television sets is explained by Q = 40,000 − 180P and that the supply is provided by Q = 20P. When televisions can be freely imported at a price of $160, then how many televisions would be generated in the domestic market? By

  • Q : External costs and external benefits

    Question: (a)         Explain the impact of external costs and external benefits on resource allocation; (b)     

  • Q : Interest rates of business investors in

    The interest rates business investors into economic capital should pay on a loan: (w) reflect the opportunity costs to society of funding one investment in place of another. (x) are relatively trivial investment costs by investors&rsq

  • Q : Technological advancement influencing

    Describe how technological advancement influence the supply of specific product.

  • Q : Problem on Transaction Costs Higher

    Higher income families are far-off more probable to purchase automatic garage door openers than people with the lower incomes primarily as automatic garage door openers: (1) Save time and give convenience that wealthy people value relatively more. (2) Are status symbo

  • Q : Annual total revenue of production When

    When Prohibition Corporation maximizes profit in its production of St. Valentine’s Day software, so annual total revenue of it will be around: (1) $140 million. (2) $250 million. (3) $320 million. (4) $420 million. (5) $1 billio

  • Q : Economic minimized losses or maximized

    When a firm’s total revenue potentially exceeds total variable cost for at least one output level, in that case economic losses are minimized or profit is maximized through producing where: (i) average total cos

  • Q : Price elasticity and market power The

    The price elasticity of demand equals one when this firm produces where total revenue is: (i) $72,000 per period. (ii) $80,000 per period. (iii) $96,000 per period. (iv) $100,000 per period. (v) $144,000 per period.

    Q : Demand for Complementary Goods Can

    Can someone help me in finding out the right answer from the given options. Reductions in the price of tea are most probable to raise the demands for: (i) Lemons, ice cubes and sugar. (ii) Cola, coffee and hot cocoa. (iii) Mint juleps, Daiquiris and moonshine. (iv) Va

  • Q : Economic concept of total costs I have

    I have a problem in economics on Economic concept of total costs. Please help me in the following question. The economic concept of total costs and the bookkeeper’s concept of net costs differ as economists: (1) Place a lower value on the psychi