Which of the following about minimum wage is true?
a. Most minimum wage workers are employed more than 40 hours per week.
b. Economic analysis indicates an increase in the minimum wage would increase the training opportunities available to inexperienced workers.
c. Most minimum wage workers are heads of families with incomes below the poverty level.
d. Most minimum wage workers are employed part-time, and they are often members of a household with an income well above the poverty level.
D
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Reasons regulators chose to follow regulatory forbearance rather than to close the insolvent S&Ls include all of the following EXCEPT
A) they had insufficient funds to close all of the insolvent S&Ls. B) they were friends with the S&L owners. C) they hoped the problem would go away. D) they did not have the authority to close the insolvent S&Ls.
Refer to Scenario 15.3. $X would be higher if Ms. Querty's
A) income and the interest rate were higher. B) income and the interest rate were lower. C) income were higher and the interest rate were lower. D) income were lower and the interest rate were higher. E) mortality rate and growth in income were lower.