If the legal minimum wage rate is set at $1/hour instead of at the equilibrium rate,
A. employment for inexperienced and marginal workers will tend to fall.
B. employment of inexperienced and marginal workers will tend to rise.
C. employment of inexperienced and marginal workers will not be affected.
D. there is no way to determine how the employment of inexperienced and marginal workers would be affected.
C. employment of inexperienced and marginal workers will not be affected.
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If the nominal interest rate increases without any change in the rate of inflation:
A) the ratio of real interest rate to nominal interest rate increases. B) the real interest rate increases. C) the real interest rate decreases. D) the real interest rate remains the same.
Suppose that the dollar real exchange rate falls by 10% against the euro, 20% against the pound, and 25% against the yen. If the United States trades equally with each country, what is the percentage decline in the real effective exchange rate?
a. 22.5% b. 18.3% c. 15.1% d. 20.3%
The marginal benefit from pollution abatement
A) increases as pollution abatement increases because people learn to want an even cleaner environment as the environment gets cleaner. B) decreases as pollution abatement increases because of the law of diminishing marginal product. C) is constant as pollution abatement increases because pollution abatement is valued for its own sake and not for the utility it provides. D) decreases as pollution abatement increases because of the law of diminishing marginal utility.
If you have more than one job, you are counted more than once in the persons-employed data.
Answer the following statement true (T) or false (F)