An increase in the minimum wage for unskilled labor tends to
A) generate unemployment among unskilled laborers.
B) increase the quantity supplied of unskilled laborers.
C) decrease the quantity demanded for unskilled laborers.
D) encourage employers to seek substitutes for unskilled labor.
E) accomplish all of the above.
E
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Which of the following is a reason there are divisional conflicts over the transfer price?
a. the manager of the upstream division prefers a transfer price that is too high b. the manager of the downstream division prefers a transfer price that is too low c. the corporate headquarters does not have enough information to determine the correct transfer price d. all of the above
Assume that the reserve ratio is 20% and banks in the system are loaning out all their excess reserve. If people collectively cash out $10 billion from their checking accounts, then the lending ability of the banking system will be
A. increased by $10 billion. B. decreased by $40 billion. C. decreased by $50 billion. D. decreased by $10 billion.