By 1850, the predominant port in the U.S. was

A minimum wage in the formal sector will likely

a. reduce the number of formal-sector workers b. increase labor supply and lower wages in the informal sector c. encourage rural-urban migration d. lead to increased mechanization in the formal sector e. all of the above

Susie grows corn in her backyard garden to feed her family. The corn she grows is not counted in GDP because

a. it was not produced for the marketplace b. it is an intermediate good that Susie will process further before feeding her family c. goods produced using land are not included in GDP d. the corn has low value e. it reduces the amount of corn she will buy at the store