The government of Richland has set a minimum wage for factory workers. This will lead to an ________ if above the current market wage
A) increase in total surplus
B) increase in the number of workers supplied
C) excess demand for workers
D) increase in income inequality
B
Economics
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You have data for sales of pizza for each of the 50 states in 2011. The type of graph to best display these data would be a
A) trend-line diagram. B) scatter diagram. C) multi-variable time-series graph. D) cross-section graph. E) time-series graph.
Economics
An increase in personal income tax rates would tend to reduce
A. gross investment. B. consumption. C. government purchases. D. net exports.
Economics