The U.S. government sets a minimum wage, which is a:

a. price floor.
b. price ceiling.
c. point of equilibrium.
d. recommended level.


a. price floor.

The U.S. government sets a minimum wage, which is a price floor.

Economics

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Refer to Figure 13.1. If the voting method used to select a location for the recreation center is the plurality-rule method, the number of voters who will vote against the winning city is

A) 135. B) 195. C) 255. D) 405.

Economics

When unemployment rises above the natural rate it reflects the existence of ____ unemployment

a. frictional b. structural c. seasonal d. cyclical

Economics

Externalities measure

A. Only costs of a market activity borne by a third party. B. Either costs or benefits of a market activity borne by a third party. C. Only benefits of a market activity borne by a third party. D. None of the choices are correct.

Economics

The Trans-Pacific Partnership (TPP) is a preferential agreement

Indicate whether the statement is true or false

Economics