A minimum wage that is set below the equilibrium wage will:
a. cause increased unemployment.
b. have no effect on employment.
c. cause the overall wage to increase.
d. cause the overall wage to decrease.
e. create more jobs.
b
Economics
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Find the real exchange rate for the following case: Assume that the representative basket of European goods and services costs 40 euros and the representative U.S
basket costs $50, and the dollar/euro exchange rate is $0.90 per euro, then the price of the European basket in terms of U.S. basket is ________.
Economics
An important factor in determining a country's rate of economic growth is
A) the diversity of its population. B) its rate of saving. C) the size of its labor force. D) the proportion of the adult population that is working.
Economics