A leftward shift of the Japanese demand curve for foreign exchange will
a. increase the price of foreign exchange in Japan
b. decrease the value of the yen
c. make foreign goods more expensive in terms of yen
d. make foreign goods less expensive in terms of yen
e. make Japanese goods less expensive in terms of foreign exchange
D
Economics
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If a minimum wage is introduced that is above the equilibrium wage rate,
A) the quantity of labor demanded increases. B) job search activity increases. C) the supply of labor increases and the supply of labor curve shifts rightward. D) unemployment decreases because more workers accept jobs at the higher minimum wage rate. E) the quantity of labor supplied decreases because of the increase in unemployment.
Economics
What is the idea of fairness based on fair rules?
What will be an ideal response?
Economics