If the minimum wage is set above the market wage,
A) highly-skilled workers will have a harder time finding jobs.
B) the quantity of labor supplied will be below the quantity of labor demanded.
C) unemployment will rise.
D) All of the above are correct.
C
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The Federal Reserve conducted the policy of quantitative easing primarily when
A) the interest rate was very sensitive to the change in the money supply. B) the interest rate was close to zero. C) the interest rate was relatively high. D) the interest rate was too erratic to be controlled.
When your broker sees that you are in danger of running through your money and forces you to sell your stock and use the money to pay back your loan, he is making a:
A. margin call. B. leverage call. C. stock sales call. D. futures call.
Total product begins to decline when diminishing marginal returns are first experienced
a. True b. False
For a perfectly competitive firm, which of the following is NOT true?
A) The average revenue curve, the demand and the marginal revenue curves are identical. B) The total revenue curve begins at the origin and slopes upward as output increases. C) The slope of the total revenue curve is equal to the product price. D) The total revenue curve is horizontal.