Refer to Table 4-8. If a minimum wage of $9.50 is mandated there will be a
A) surplus of 20,000 units of labor. B) surplus of 10,000 units of labor.
C) shortage of 10,000 units of labor. D) shortage of 20,000 units of labor.
A
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Between 1960 and 2011,
A) the male labor force participation rate decreased rapidly, the female labor force participation rate decreased slowly, and the two rates are now equal. B) the male labor force participation rate decreased and the female labor force participation rate increased. C) both the male and female labor force participation rates increased. D) both the male and female labor force participation rates decreased slowly. E) the male labor force participation rate did not change and the female labor force participation rate increased.
Are the terms "shutdown" and "exit" synonymous? What is the optimal shutdown rule for a firm?
What will be an ideal response?
If a country is importing more than they are exporting, the current account will have a ________ balance and the capital and financial account will have a ________ balance
A) negative; positive B) negative; negative C) positive; negative D) positive; positive
To answer the question, refer to the following table showing a demand schedule: 
If price falls from $200 to $150,
A. arrows representing the price and quantity effects both point down. B. total revenue moves in the same direction as the arrow representing the price effect. C. arrows representing the price and quantity effects both point up. D. an arrow representing the price effect points down and is longer than an arrow for the quantity effect. E. an arrow representing the price effect points down and is shorter than an arrow for the quantity effect.