Refer to the scenario above. This implies that Lawland has a trade ________
A) deficit B) surplus C) tariff D) equilibrium
A
Economics
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The equilibrium wage in a local labor market is $10 per hour. If a minimum wage of $15 per hour is imposed, which of the following will occur?
A) There will be a decrease in the quantity of labor supplied by households. B) There will be an increase in unemployment. C) There will be an increase in the quantity of labor demanded by firms. D) All of the above will occur.
Economics
Explain how market economies are generally better able to achieve technological progress than are centrally planned economies
What will be an ideal response?
Economics