An increase in the minimum wage
a. reduces structural unemployment.
b. reduces frictional unemployment,
c. increases structural unemployment.
d. increases frictional unemployment.
c
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An external benefit is created when you pursue a college education
Indicate whether the statement is true or false
In every age group, average income in the United States increases with education
a. True b. False
The interest rate:
A. is the price of borrowing money for a specified period of time. B. is expressed as a percentage per dollar borrowed and per unit of time. C. determines the total amount that must be paid back on a loan. D. All of these are true.
The wealthy nations of the world have
a. the largest populations. b. more supplies of natural resources. c. more supplies of capital. d. larger labor forces.