U.S. Department of Labor data show that minimum-wage workers tend to be young, less educated, more likely to be working part time, and concentrated in the leisure and hospitality industry
a. True
b. False
Indicate whether the statement is true or false
True
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A discount bond involves
A) interest payments from the borrower to the lender periodically during the life of the loan. B) payment by the borrower to the lender of the face value of the loan at maturity. C) no payment of principal by the borrower to the lender. D) payment of interest by the borrower to the lender every six months during the life of the loan.
Which of the following is not one of the four broad categories of resources?
A) labor B) government C) capital D) entrepreneurship E) land
Which of the following is not an example of the law of supply?
(A) A furniture manufacturer raises the price and increases the number of sofas it produces. (B) More consumers are buying sofas than ever before. (C) A furniture store raises the price of its sofas since they can sell more. (D) A competitor produces more sofas after the price is raised.
Some policymakers have argued that products like cigarettes, alcohol, and sweetened soda generate negative externalities in consumption. If the government decided to impose a tax on soda, the government will cause
A) consumers to internalize the externality. B) producers to internalize the externality. C) the external cost to drinking soda to become a private cost paid by the government. D) the external cost to drinking soda to become a private cost paid by producers.