Among the factors that create a deadweight loss and inefficiency are
A) minimum wages, but not taxes.
B) rent ceilings, but not taxes.
C) taxes, but not minimum wages or rent ceilings.
D) minimum wages, rent ceilings, and taxes.
D
Economics
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If the value of marginal product of a worker is $40 and the marginal product of the worker is 8 units, the market price of the good he produces is:
A) $2. B) $5. C) $8. D) $10.
Economics
The Darby (1976) revisions of the 1930s unemployment data show that if you count public employment, then the 1930s were not especially severe by historical standards
Indicate whether the statement is true or false
Economics