Which of the following is not a consequence of minimum wage laws?
A) Employers will be reluctant to offer low-skilled workers jobs with training.
B) Some workers benefit when the minimum wage is increased.
C) Producers have an incentive to offer workers non-wage benefits such as health care benefits and convenient working hours rather than a higher wage.
D) Low-skilled workers are hurt because minimum wage reduces the number of jobs providing low-skilled workers with training.
C
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Which of the following groups exerts the most control over the money supply in the United States?
a. The executive branch of government b. The legislative branch of government c. The judicial branch of government d. The Federal Reserve e. The U.S. Treasury Department
Governments should support research and development efforts because such efforts ______.
a. promote international economic equilibrium b. are usually popular with the general public c. reduce the need for free international trade d. can result in innovations that promote rapid economic growth