What environmental problem gets worse as income rises according to your text?
What will be an ideal response?
Carbon dioxide emissions
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Suppose the equilibrium wage rate for apricot pickers is $9.00 per hour in California and at that wage rate the equilibrium quantity of apricot pickers is 14,000. If the minimum wage is set at $7.50 per hour, then the
A) quantity of apricot pickers employed increases. B) quantity of apricot pickers employed decreases. C) quantity of apricot pickers employed does not change. D) wage rate for apricot pickers increases. E) some apricot pickers are unemployed.
The "expected real" interest rate is the
A) rate actually quoted in financial markets. B) rate actually quoted in financial markets minus the expected inflation rate. C) rate actually quoted in financial markets plus the expected inflation rate. D) rate actually quoted in financial markets divided by the expected inflation rate.
The limits of the terms of trade between two countries are determined by those countries' opportunity costs of production
a. True b. False
Which of the following is always correct in an open economy?
a. S = I b. S = NX + NCO c. S = NCO d. S = I + NCO