Conservative economists would like to help younger workers get work experience by
A. setting up a government jobs program.
B. raising the minimum wage rate.
C. lowering the minimum wage rate.
D. passing a law requiring employers to hire teenagers ahead of older workers who are equally qualified.
C. lowering the minimum wage rate.
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A centrally planned economy has a planning authority that decides
A) how the products are produced. B) who receives the products. C) what products to produce. D) all of the above.
The choice between futures and options
A) depends on whether the underlying instrument is a debt instrument or an equity. B) reflects a trade-off between the higher cost of using options and the extra insurance benefits that options provide. C) reflects a trade-off between the higher cost of using futures and the extra insurance benefits that futures provide. D) reflects a trade-off between the greater risk from using options and the extra insurance benefits that options provide.
Holding demand constant, an increase in supply leads to
A) lower prices and higher quantity demanded. B) lower prices and lower quantity demanded. C) higher prices and higher quantity demanded. D) higher prices and lower quantity demanded.
Which of the following can be considered an effective signal of job productivity?
a. Bank balance b. Poor grades c. Letters of rejection d. Letters of recommendation