If a minimum wage is set above the equilibrium market wage,
A) lower-skilled workers will have an easier time finding jobs.
B) the quantity of labor demanded will be below the quantity of labor supplied.
C) the quantity of labor supplied will be below the quantity of labor demanded.
D) highly-skilled workers will have a harder time finding jobs.
B
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Assume that the opportunity cost for Germany to produce a jet is 50 cars. If Germany is producing on its production Possibility Frontier, some possible combinations of output for Germany could be:
A. (1,000 jets, 5,000 cars) and (900 jets, 10,000 cars). B. (1,000 jets, 5,000 cars) and (900 jets, 15,000 cars). C. (2,500 jets, 2,000 cars) and (2,300 jets, 20,000 cars). D. (2,500 jets, 2,000 cars) and (2,300 jets, 3,000 cars).
If the producers of canned green beans expect the price of canned green beans to increase in the future due to an increase in demand, they may put some of their current production into storage and supply less in the market today
a. True b. False Indicate whether the statement is true or false
If tax revenues equal 25 percent of total output and government expenditures equal 20 percent of total output, then there is a:
A. trade surplus. B. government budget surplus. C. trade deficit. D. government budget deficit.
You currently sell the same product to both professional plumbers and homeowners, and are able to prevent transfer from one group to the other. Your current prices, quantities sold, and the absolute values of the slopes of the demand curves are as follows: 
If your marginal cost is $10 and you are interested in maximizing your revenues, how would you adjust your prices?
A. Increase plumbers' price and decrease homeowners' price. B. Decrease plumbers' price and increase homeowners' price. C. Increase prices for both groups. D. Decrease prices for both groups.