Which of the following would not interfere with market equilibria?
a. a minimum wage
b. a rent control
c. a non-binding price floor
d. a binding price ceiling
c
You might also like to view...
A tax structure is progressive as long as a person who has more income pays
A. the same rate of tax than someone who has less income. B. a higher rate of tax than someone who has less income. C. the same tax than someone who has less income. D. more tax than someone who has less income.
Which of the following could cause the production possibilities frontier to shift to the right?
a. More government regulation that stunts economic growth b. Changes in the rules of the game that stunt economic growth c. Lower quality resources d. Fewer productive resources e. Production of more capital goods and fewer consumer goods
Marginal product of labor
A) is the derivative of the production function with respect to a one unit change in labor. B) is the derivative of the production function with respect to a one unit change in capital. C) is the derivative of the marginal cost curve. D) none of these choices.
Data for an economy show that the unemployment rate is 6 percent, the participation rate 60 percent, and 200 million people 16 years or older are not in the labor force. How many people are employed in this economy?
A. 30 million B. 282 million C. 188 million D. 300 million