A shift to the left of a supply curve is caused by:
What will be an ideal response?
an increase in the cost of an input.
Economics
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If the minimum wage were raised to $10.00 per hour, it would no longer be considered a poverty wage. Would it be wise to raise the minimum wage to this level?
What will be an ideal response?
Economics
Risk-averse people prefer to hold assets whose returns are positively correlated
Indicate whether the statement is true or false
Economics
Along an indifference curve
A. the price ratio is constant. B. the ratio of the marginal utilities is constant. C. the MRS is constant. D. all of the above E. none of the above
Economics
Explain the economic rationale for Henry George’s proposal for a single tax on land
What will be an ideal response?
Economics