Under the current managed float exchange rate regime, countries with balance of payments deficits frequently do not want to see their currencies depreciate because it makes ________ goods more expensive for ________ consumers and can stimulate

An effective minimum wage tends to

A) increase the supply of unskilled labor. B) decrease the demand for unskilled labor. C) create a surplus of unskilled labor. D) accomplish all of the above. E) accomplish none of the above.

Which of these will hold true for an unregulated, competitive industry?

A. The market price will be lower than the marginal cost of production. B. The marginal cost will be higher than the average cost of production. C. The marginal cost of production will be equal to the market price. D. The market price will be higher than the marginal cost of production.