The United States is the only country in the world with minimum-wage laws
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
An economy with an expansionary gap will, in the absence of stabilization policy, eventually experience a(n) ________ in the inflation rate, leading to a(n) ________ in output.
A. decrease; increase B. increase; increase C. decrease; decrease D. increase; decrease
According to the data in the table above, real GDP per person grew at a rate of ________ between year 1 and year 2
A) 10 percent B) 0 percent C) 1 percent D) 5 percent E) 50 percent
Free riding:
A. cannot occur if strategizing takes place. B. is reflected by a downward-sloping best response function. C. is reflected by an upward-sloping best response function. D. is no player's best response.
Chapter 7
What will be an ideal response?