Which nation is NOT one of the current members of the European Union?

A tax of $1 on buyers always decreases the equilibrium price by $1

a. True b. False Indicate whether the statement is true or false

If the minimum wage law sets a wage floor below the equilibrium wage in the market for unskilled labor, then the

A) minimum wage will create a surplus of unskilled labor. B) minimum wage will create a shortage of unskilled labor. C) minimum wage will not impact the unskilled labor market. D) unskilled labor market will change, but we cannot be certain how.