Ceteris paribus, when resource prices increase, demand decrease and the prince increase.
a. true
b. false
false
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What important changes have occurred in the composition of the labor force since 1960? Is the popular image of the American worker as a factory worker accurate? Describe the types of jobs Americans are working in today.
What will be an ideal response?
Refer to the figure above. If the government sets the minimum wage rate at $35, the unemployment in the market will be:
A) 20 units of labor. B) 25 units of labor. C) 15 units of labor. D) 10 units of labor.
There seems to be a correlation between the neighborhood in which people grow up and their economic prospects
Indicate whether the statement is true or false
The airline and trucking industries are two examples of industries that were regulated because they were natural monopolies
Indicate whether the statement is true or false