In the United States, the wage floor legislated by government below which it is generally illegal to pay workers is known as
A) the minimum wage.
B) the wage ceiling.
C) the employment gap.
D) the going wage.
A
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Resources that are privately owned are less likely to be depleted than resources that are not privately owned
Indicate whether the statement is true or false
The quantity theory of money argues that, in the long run, the percentage change in money will create an equal percentage change in
A) velocity. B) real GDP. C) potential GDP. D) the price level.
Twenty-nine countries in Europe have eliminated all tariffs with each other. This group of countries is known as the
A) Gruppo Euro. B) European Union. C) United Federation of Europe. D) European Free Trade Association.
Which of the following moral theories considers the action resulting in the greatest benefit to all people as the most moral action?
a. act utilitarianism b. rule utilitarianism c. relativism d. deontology