ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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company A has to increase price of Glove due to salary of labor has increase
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TRUE
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FALSE
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Wages and salaries are the remuneration paid or payable to employees for work performed on behalf of an employer or services provided. Normally, an employer is not permitted to withhold the wages or any part thereof, except as permitted or required by law.
Detailed explanation-2: -There are three kinds of wages minimum wage, fair wage & living wage.
Detailed explanation-3: -Increase in wages or income will perhaps reduce the supply in the market as it also increases the production or business cost or expenses for the businesses or suppliers. Explanation: In Microeconomics, an increase in wages or income represent higher income level of the consumers and households.
There is 1 question to complete.