Which of the following is the most likely result of an increase in the minimum wage?
a. An increase in the employment of unskilled workers.
b. A decrease in the number of workers seeking minimum wage jobs.
c. An increase in the demand for unskilled workers.
d. A decrease in the employment of unskilled workers.
d
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Products produced domestically and sold in foreign countries are called ________, and products produced in foreign countries and sold domestically are called ________
Fill in the blank(s) with correct word
At what quantity is Jim's Production indifferent between two technologies?
a. 5000 b. 7500 c. 10000 d. 12500
Which one of the following was a basic economic conflict between the North and the South in the years preceding the Civil War?
A. The North opposed the high protective tariffs the South supported to protect its manufactured goods. B. The South opposed the high protective tariffs the North supported to protect its manufactured goods. C. The North demanded the abolition of slavery. D. The North opposed the building of a transcontinental railroad.
Why does anyone demand foreign currency?
A. International trade in goods and services B. International trade in financial assets C. Purchases of physical assets overseas D. All of the above are correct.