Refer to Table 4-7. If a minimum wage of $12.50 is mandated there will be a
A) shortage of 40,000 units of labor. B) surplus of 80,000 units of labor.
C) shortage of 80,000 units of labor. D) surplus of 40,000 units of labor.
B
Economics
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Which of the following is the oldest economic system?
a. command economy b. traditional economy c. market economy d. underground economy
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The "exotic" mortgage instrument of recent years is exemplified by the
A. "magical-mystery" mortgage. B. "negative-amortization" mortgage. C. "traditional" mortgage. D. bank mortgage loan.
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