The majority of minimum wage workers are
A. middle aged.
B. trying to support a family.
C. young people who are not supporting families.
D. older workers who are retired.
Answer: C
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A financial institution's leverage ratio is defined as:
a. Profit / Revenue. b. Total Assets / Shareholders' Equity. c. Shareholders' Equity / Total Assets. d. Value of Delinquent Loans / Value of All Loans. e. Total Debt / Total Revenue.
Which of the following is not a function of prices in a market system?
a. Prices have the crucial job of balancing supply and demand. b. Prices send signals to buyers and sellers to help them make rational economic decisions. c. Prices coordinate economic activity. d. Prices ensure an equitable distribution of goods and services among consumers.
Points inside the production possibilities frontier represent inefficient levels of production
a. True b. False Indicate whether the statement is true or false
If a hurricane were to wipe out the majority of the eastern seaboard in the United States, it would likely cause a:
A. short-run supply shock. B. long-run supply shock. C. long-run demand shock. D. short-run demand shock.