Supporters of minimum-wage legislation argue that:
A. workers deserve a basic standard of living.
B. it should be set below the market equilibrium wage.
C. some workers will become unemployed as a result of the minimum wage.
D. All of these are true.
A. workers deserve a basic standard of living.
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Jeff Kaufman decides to bank with Paris First National Bank (PFN). He opens a checking account by depositing $1,000 . According to the PFN balance sheet, after this initial $1,000 demand deposit, there are $1,000 in
a. reserves and $1,000 in demand deposits b. liabilities and $2,000 in demand deposits c. demand deposits and $0 in assets d. assets and $0 in liabilities e. reserves and $0 in liabilities
A person who makes decisions that are "merely good enough" is called a(n)
a. optimizer. b. rational person. c. satisficer. d. maxi-minimizer.
What is meant by human capital and how can it be used to promote economic growth?
What will be an ideal response?
Multiplying the dependent variable by 100 and the explanatory variable by 100,000 leaves the
A) OLS estimate of the slope the same. B) OLS estimate of the intercept the same. C) regression R2 the same. D) variance of the OLS estimators the same.