Recent studies suggest that a rise in the minimum wage results in a substantial cut in the demand for teen labor
a. True
b. False
Indicate whether the statement is true or false
False
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What will be an ideal response?
One of the most important and most visible roles of the IMF is to
A) hold regular negotiations over tariff reductions. B) investigate countries that are charged with being unfair traders. C) provide loans to countries that need capital to develop their economies. D) intercede by invitation when countries cannot pay their international debts. E) serve as a forum for negotiating free trade agreements between groups of nations.
In the balance of payments, all of the following are deficit items EXCEPT
A) imports of merchandise. B) funds placed in foreign depository institutions. C) sales of dollars to foreigners. D) tourism expenditures abroad.
The capital stock is fixed at 50 units, the price of capital is $30 per unit, and the price of labor is $25 per unit. 
Given the above, how much does the 23rd unit of output add to the firm's total cost?
A. $135 B. $750 C. $1,350 D. $75 E. none of the above