Why might firms pay wages that are above the equilibrium wage in a market?
A) to increase the productivity of their workers
B) to reduce the unemployment rate
C) to encourage workers to form labor unions
D) to reduce profit
Answer: A
Economics
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Excess reserves
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If the dollar appreciates against the Mexican peso,
A) U.S. exports to Mexico become less expensive. B) U.S. exports to Mexico become more expensive. C) Mexican imports to the U.S. become more expensive. D) The value of Mexican imports to the United States does not change.
Economics