If a worker becomes unemployed because of an increase in the minimum wage, that worker is:

The capital and financial account is the record of

A) the nation's imports and exports of capital goods. B) foreign investment in the nation minus the nation's investment abroad. C) a nation's international trading, borrowing, and lending. D) changes in the government's holdings of foreign currency. E) payments for imports, receipts for exports, net interest, and net transfers.

The price elasticity of demand is important to firms because

a. it explains the relationship between income and demand for the goods they sell b. it shows how price changes affect total expenditures on the goods they sell c. the law of demand suggests that elasticity falls as total expenditures continuously rises d. it helps identify the equilibrium price and quantity in the market e. it relates price to supply