States in the U.S. may mandate minimum wages above the federal level
a. True
b. False
Indicate whether the statement is true or false
True
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In the futures market, the difference between the price of the futures and the underlying asset is eliminated by
A) speculators. B) hedgers. C) arbitrageurs. D) longs.
The term "economic freedom" means
A. the right to trade goods and services. B. the right to own private property. C. the right to own financial assets. D. all the above.
If each player in a game uses a strategy that results in a Nash equilibrium outcome, the players are most likely to say
A) "I don't like my choice, because I think I could have done better." B) "Given the strategies chosen by the other players in the game, I probably could have done better if I had more time." C) "Given the strategies chosen by the other players in the game, I made the best possible choice." D) "There was no real strategy on my part, I basically made an educated guess."
Consider a broom factory that permanently closes because of foreign competition. If the broom factory's workers cannot find new jobs because their skills are no longer marketable, then they are classified as:
a. seasonally unemployed. b. frictionally unemployed. c. structurally unemployed. d. cyclically unemployed.