Refer to the table above. By what percentage did the federal minimum wage increase from 1974 to 2011?
A) 72.41 percent B) 262.5 percent C) 362.5 percent D) 525.0 percent
B
Economics
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The measure of market power that focuses on the share of the market controlled by the X largest firms in the market is known as:
A) the Lerner Index. B) the Herfindahl-Hirschman Index. C) the Minimum-Efficient Scale Index. D) a concentration ratio.
Economics
Assume that investment does not depend on the interest rate. A reduction in government spending will cause which of the following for this economy?
A) no change in the interest rate B) no change in output C) no change in investment D) an increase in investment E) none of the above
Economics