Which of the Following May Be a Liability Issue If

question 99

Multiple Choice

Which of the following may be a liability issue if hiring an unpaid intern?

• A)the Fair Labor Standards Act provides a minimum wage, overtime, and other protections to all workers
• B)the internship must be associated with an educational entity such as a college or high school
• C)the internship must be associated with earned educational credit hours
• D)the intern may not learn enough to pass the school's internship requirement

Distinguish between positive and normative economic statements.

Know the steps of the scientific method in economics.

Understand that economic models require simplifications due to the complexity of reality.

Identify the characteristics of a good economic theory.

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Definitions:

Vertical Axis

In a graph or chart, the y-axis that typically represents the dependent variable or the value being measured.

Entire Budget

The total amount of financial resources available or allocated for a specific purpose, project, or period.

Price Of Peaches

The amount of money required to purchase a specific quantity of peaches in the market.

Price Of Pineapples

The amount of money required to purchase a single unit or specified amount of pineapples.