From the Employer's Point of View,two Part-Time Employees Making $12

question 9

True/False

From the employer's point of view,two part-time employees making $12 an hour would be cheaper than one full-time employee making $12 an hour because the part-timers would not receive benefits whereas the full-time employee would receive benefits.

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Definitions:

Absolute Gap

In economics, the total difference in economic indicators, such as income or wealth, between entities without considering size or proportion.

Industrially Advanced

Describes countries or regions that have highly developed industrial sectors including manufacturing, infrastructure, and technology.

Per Capita Income

The average income earned per person in a given area or country, calculated by dividing the total income of the area by its population.

World's Income

The total economic output or the aggregate income produced by all countries in the world over a specific time period.