Effective minimum-wage laws will most likely
a. increase demand for labor.
b. create a surplus of labor.
c. increase incomes for all unskilled workers.
d. decrease incomes for all unskilled workers.
b
Economics
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A characteristic of outsourcing is
a. completely unrelated to vertical integration b. likely to be profitable exactly when vertical integration is profitable c. it prevents a firm from focusing on its core competencies d. can allow for the exploitation of differing degrees of economies of scale at different points in the supply chain
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A change in consumers' expectations about the future will shift both the aggregate expenditure curve and the aggregate demand curve
a. True b. False Indicate whether the statement is true or false
Economics