A minimum wage law is predicted to produce
a. higher unemployment among young and inexperienced workers.
b. higher unemployment among all workers.
c. lower unemployment among young and inexperienced workers.
d. increased hiring of young and inexperienced workers.
a
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How is it possible for the economy to have a recessionary gap?
A. Equilibrium is at a GDP level below full employment. B. Equilibrium is at a GDP level equal to full employment. C. Equilibrium is at a GDP level above full employment. D. GDP is rising at full employment. E. GDP is falling at full employment.
All of the following are true for indemnity insurance except that:
a. it provides reimbursement for financial losses, including fire and life. b. premiums are based on separate risk pools often organized by employers. c. it serves as the basis for all health insurance coverage in most developed countries, including the U.S. d. it frequently includes coverage for losses due to casualty and theft. e. it is often experience-rated with premiums based on expected losses.