Raising the minimum wage would:
A. help some workers while hurting others.
B. help all workers and hurt all firms.
C. hurt all workers and help some consumers.
D. help workers and help consumers.
Answer: A
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In August 2015, the U.S. unemployment rate was highest for
A) whites. B) high school dropouts. C) Hispanics. D) African Americans. E) Asians.
Unlike recent events in England, the United States has no recent history of bank failures
a. True b. False Indicate whether the statement is true or false
Suppose that an economy can produce various combinations of fish and bread. If more people with strong fishing skills became employed in this economy, how would the production possibilities curve (PPC) change?
a. The PPC would shift outward on the fish axis, but would not change on the bread axis. b. The PPC would shift inward equally along both the fish and the bread axes. c. The PPC would shift outward equally along both the fish and the bread axes. d. The PPC would shift inward on the bread axis, but would not change on the fish axis.
Refer to the figure below. Suppose the solid line shows the current demand for coffee. In response to a news story explaining that coffee causes heart disease, you should expect:
A. neither a change in quantity demanded nor a shift in demand. B. the quantity of coffee demanded to decrease, but no shift in the demand curve. C. the demand curve to shift to D(A) because some people will stop drinking coffee. D. the demand curve to shift to D(B) in anticipation of higher future prices.