Minimum wages:
A) benefit all workers. B) are usually set below equilibrium wages.
C) can reduce wage rigidity. D) can increase unemployment.
D
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Assume that the federal government wishes to counteract inflation with a policy that has the smallest impact on the federal budget. Which of the following would you recommend?
A. Increase transfer payments. B. Increase government purchases. C. Decrease government purchases. D. Decrease transfer payments. E. Increase personal income taxes.
Which of the following examines the costs and expected benefits of a choice?
a. choice-benefit analysis b. cost-profit analysis c. cost-benefit analysis d. choice-profit analysis
The branch of knowledge concerned with the production, consumption, and transfer of wealth.
Calculate the monthly payment for a 30-year mortgage, where the amount borrowed is $100,000 and the annual interest rate is 6.0%.
What will be an ideal response?