The conversion of resources into consumer goods or services is called

A doubling of the current minimum legal wage is likely to confer the most benefit and impose the least harm on members of which group listed below?

A) Employers who own small businesses B) Highly skilled workers C) Shareholders of large corporations D) Teenagers E) Unskilled workers

Based on the data in the table above, the economy will be in short-run equilibrium at a price level of

A) 90. B) 110. C) 100. D) 120.