A minimum wage is an example of a
A) price floor.
B) price ceiling.
C) quantity quota.
D) free market equilibrium.
A
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When the ________ effect dominates the ________ effect, the labor supply curve is ________
A) income; substitution; vertical B) substitution; income; positively sloped C) income; substitution; negatively sloped D) substitution; income; horizontal
Exchange rates and banking systems are often the variables through which the contagion effects of a crisis are spread from one country to another
Indicate whether the statement is true or false
Since 1973, the average annual growth rate of real GDP per person in the United States has been slower than the average annual growth rate in
A) Germany and Canada. B) France and Italy. C) Japan and United Kingdom. D) France and Canada.
Which of the following statements is false?
A) In recent years, the Chinese government has bought U.S. government bonds, raising interest rates in the United States. B) Among the key features of globalization is the growing integration of the national economies of the world. C) Globalization is associated with a movement toward more free enterprise. D) It is becoming increasingly common for Americans to work for foreign companies that have offices in the United States.