Imposing a minimum wage that is above the equilibrium wage rate results in
A) higher job search costs.
B) lower unemployment.
C) the labor market becoming more efficient.
D) equilibrium in the labor market.
A
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A restriction on imports is likely to reduce further restrictions on trade
Indicate whether the statement is true or false
The Washington Consensus argued that transition should begin with
a. The creation of macroeconomic stability b. A free floating exchange rate c. De-privatization d. All of the above e. None of the above
When a regulator allows a monopolist to set its price equal to long-run average cost, the regulator is practicing
A. average cost pricing. B. operating cost pricing. C. marginal cost pricing. D. optimal cost pricing.
By 2012, what share of U.S. assets were held by the 10 largest banks in the United States?
A) 10% B) 29% C) 55% D) 68%