Minimum wages are examples of
A) a price floor.
B) a price ceiling.
C) the rationing function of prices not working.
D) government increasing the demand for certain products.
A
Economics
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Between 1947 and 2014, U.S. real GDP
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Why do some people tip generously at restaurants to which they never plan to return?
What will be an ideal response?
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Explain why cable television is not a pure private good
What will be an ideal response?
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Which of the following is the best example of a perfectly competitive industry?
A) steel production B) airplane production C) wheat production D) electricity production
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