Many people argue against increasing the minimum wage because they believe the result would be increased unemployment. Which of the following best summarizes this argument? A higher minimum wage would
a. increase the supply of labor while decreasing the demand for labor
b. decrease the supply of labor while increasing the demand for labor
c. increase the quantity supplied of labor while decreasing the quantity demanded of labor
d. decrease the quantity supplied of labor while increasing the quantity demanded of labor
e. increase the supply of labor while decreasing the quantity demanded of labor
C
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An $8,000 coupon bond with a $400 coupon payment every year has a coupon rate of
A) 5 percent. B) 8 percent. C) 10 percent. D) 40 percent.
Pooled ordinary least squares estimation is commonly applied to cluster samples when eliminating a cluster effect via fixed effects is infeasible or undesirable.
Answer the following statement true (T) or false (F)
Implicit costs are
A) the costs of using factors that a producer hires or rents. B) the opportunity costs of using factors that a producer does not buy or hire but already owns. C) costs that are taken into consideration by accountants. D) costs that are variable in the short run and fixed in the long run.
The theory that there is no way to "get rich quick" in securities due to a lack of predictable trends is
A. random walk theory. B. trading. C. market trend analysis. D. no-win theory.