The figure above shows the market for low-skilled labor in Midland city. The government sets a minimum wage at $6 per hour. The minimum wage ________ the employers' surplus by ________ million per year

Exchange controls in Peru _________

a. reduce quotas b. are illegal c. reduce tariffs d. are designed to float the exchange rate e. will ease the pressure on Peru's foreign exchange reserves if its exchange rate is fixed

Why are people today, in general, better fed, sheltered, and protected against disease than people were in the past?

a. increased economic growth b. lowered production costs c. more charitable organizations d. less government interference