The distribution of income in a market economy is determined by the minimum wage laws
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
As the marginal propensity to consume ________, the value of the multiplier increases
A) decreases slightly B) is constant C) increases D) decreases
When Alison, a college math professor, leaves her job at a small rural college and starts looking for a job at a large urban university, she is _____.
(A) Frictionally unemployed (B) Structurally unemployed (C) A discouraged worker (D) Cyclically unemployed
In the market for used cars, a surplus of used cars would, ceteris paribus:
Income elasticity relates to
A. a movement down a demand curve. B. the percentage change in quantity demanded divided by the percentage change in the price. C. a movement up a demand curve. D. a horizontal shift in a demand curve.