The imposition of a minimum wage in the unskilled labor market creates labor surplus or unemployment
a. True
b. False
Indicate whether the statement is true or false
True
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Provide arguments for and against education vouchers
What will be an ideal response?
A bundle:
A. is when a store sells goods at a discounted price. B. describes the amount of people that choose a particular combination of goods. C. is a curve describing different combinations of goods and services an individual could choose to consume. D. is a specific combination of goods and services an individual could consume.
The price level in India increases from 131 to 137 while its trading partners' price levels remain constant. As a result, people will buy ________ Indian-made goods and there will be a movement ________ along India's aggregate demand curve
A) more; upward B) more; downward C) less; downward D) less; upward
Which of the following is not a type of "lock-in" that acts as a barrier to entry into a particular market?
A) Pricing at or below the average cost of production. B) Purchases of durable goods. C) Loyalty programs. D) Specialized suppliers.