Based on the labor market diagram below, if the minimum wage is set at $10 per hour, there will be ________ unemployed workers.
A. 7
B. 15
C. 27
D. 22
Answer: D
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The saying that "There's no such thing as a free lunch" refers to the
A) spillover principle. B) marginal principle. C) principle of opportunity cost. D) reality principle.
According to the public choice theory, voters who choose to remain uninformed about the issues are behaving irrationally
a. True b. False Indicate whether the statement is true or false
The slope of a straight line is always equal to either 1.0 or -1.0
Indicate whether the statement is true or false
If it is cheaper in the long-run to use a new metal plow that lasts a long time than an inferior wooden plow that needs to be replaced often, then this is an example of:
A. A capital-using technology B. A capital-saving technology C. Capital consumption D. Private capital flows