The number of unskilled workers employed before and after an increase in the minimum wage is found to be the same. This means
Answer: the minimum age could still be below the equilibrium wage for unskilled labor.
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Which of the following correctly describes the national debt?
a. The excess of annual federal expenditures over annual federal tax revenues. b. Annual federal expenditures less annual federal tax revenues plus foreign U.S. bonds purchases. c. The total amount of money owed by the federal government. d. None of the above.
A budget surplus is the:
A. amount of money a government spends beyond the net revenue it brings in. B. amount of net revenue a government brings in beyond what it spends. C. total amount of money that a government owes. D. total amount of money that a government receives from a tax increase.
In the "Prisoners' Dilemma" game:
a. both players have a dominant strategy not to confess. b. only one player has a dominant strategy to confess. c. both players have a dominant strategy to confess d. neither player has a dominant strategy.
Dumping refers to the practice of one country selling off its surplus goods in other countries
Indicate whether the statement is true or false