In theory, a minimum wage should lead to unemployment, but there is no evidence of such an effect.
Answer the following statement true (T) or false (F)
False
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Labor productivity increased so much in the second half of the 1990s because of
A) improved information and communications technologies. B) higher levels of educational attainment by workers. C) cheaper foreign imports used in production. D) increased foreign competition.
Refer to Table 5.1. Expected income for the first year is
A) highest in accounting. B) highest in mathematics. C) higher in English than in mathematics. D) higher in political science than in economics. E) highest in economics.
John, a U.S. citizen, opens up a Sports bar in Tokyo. This is an example of U.S
a. exports. b. imports. c. foreign portfolio investment. d. foreign direct investment.
If the Federal Reserve wished to engage in contractionary monetary policy, it could
A. lower the primary credit rate. B. raise the Federal Funds rate target. C. purchase government debt. D. lower the reserve ratio.