An increase in the minimum wage will likely:
What will be an ideal response?
Increase structural
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What would the interest rate need to be in order to earn $100 on an investment of $1,000 over two years? Assume interest compounds annually.
What will be an ideal response?
The unwillingness of individuals to share in the cost of a public good is called the:
A. volunteer problem. B. social conscience problem. C. public choice problem. D. free rider problem.
As the availability of a non-renewable resource decreases, we would expect
a. Rising prices and increased production b. Rising prices and decreased production c. Rising prices and stable production d. Falling prices and increased production e. Falling prices and decreased production
Among these countries, which has the highest hourly wage and fringe benefits in manufacturing?
A. Germany B. Japan C. The U.S. D. Canada