In international trade, one country's gain is another country's loss

In 2008, the nominal minimum wage rate was $7.25 an hour and the CPI was 200. The real minimum wage rate in 2008 was

A) $3.63 an hour. B) $14.50 an hour. C) $1450 an hour. D) $26.32 an hour. E) $7.25 an hour.

A line that slopes downward from left to right has a positive slope

a. True b. False Indicate whether the statement is true or false