A binding minimum wage is a(n) ______ for labor.
Fill in the blank(s) with the appropriate word(s).
Ans: price floor
Economics
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If a firm buys a building so as to have office space for its workers, the monthly opportunity cost of the building is best measured as
A) the monthly mortgage payment the firm must pay. B) the price the firm paid divided by twelve. C) zero. D) the rent the firm could earn if it rented the building to another firm.
Economics
Our balance on current account was about minus $_________ billion in 2009.
A. 300 B. 420 C. 540 D. 660
Economics