A large increase in the legal minimum wage is most likely to benefit
A) teenagers.
B) unemployed workers.
C) unionized workers.
D) unskilled workers.
E) none of the above because price-fixing hurts everyone.
C
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Saving equals ________
A. income minus consumption expenditure minus net taxes B. income minus net taxes C. total income minus total expenditure D. net taxes minus government expenditure
Refer to Figure 4.3. All else equal, a decrease in the desire of households to consume today accompanied by an increase in corporate taxes would cause which of the following shifts?
A) S1 to S2 and D1 to D2 B) S2 to S1 and D1 to D2 C) S1 to S2 and D2 to D1 D) S2 to S1 and D2 to D1
An import quota does which of the following? a. decreases the price of the imported goods to consumers b. increases the price of the domestic goods to consumers c. increases the domestic quantity demanded
d. both (a) and (c)
A corporate bond is a promissory note issued by a firm when it sells stock.
Answer the following statement true (T) or false (F)