In the below graph, unemployment created by the minimum wage is:
A. B - A
B. B - 0
C. B - E
D. 0
A. B - A
Economics
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The increase in spending that occurs because domestic goods become cheaper relative to foreign goods when the price level falls is known as the
A) interest rate effect. B) price effect. C) international trade effect. D) wealth effect.
Economics
The government has a monopoly on legitimate force
a. True b. False
Economics
Absolute advantage is determined by comparing the opportunity costs of producing each good in different countries
a. True b. False Indicate whether the statement is true or false
Economics
A nation has a comparative advantage in producing a good if it has a lower opportunity cost of producing that good than other countries have
a. True b. False
Economics