The Fair Labor Standards Act originally set the minimum wage at
A) $3.00 in 1960.
B) $0.25 in 1938.
C) $1.25 in 1938.
D) $0.25 in 1983.
E) $1.25 in 1983.
B
Economics
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Refer to Table 5.1. Andrea should specialize in the production of
A) bracelets. B) tiaras. C) both products. D) neither product.
Economics
A price searcher can move its marginal revenue curve closer to its demand curve if it can
A) achieve significant economies of scale. B) charge different buyers different prices for the same good. C) price at the point of unit demand elasticity. D) produce at constant marginal cost. E) set marginal revenue equal to marginal cost.
Economics