In the figure, when the real wage rate is $10 an hour, ________
A) a shortage of labor exists and the real wage rate will rise
B) the demand for labor will increase
C) the demand for labor will decrease
D) a surplus of labor exists and the real wage rate will fall
A
Economics
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The Smoot-Hawley Act introduced
A) opportunities for expanding U.S. foreign trade. B) the highest tariffs set by the United States in the last 90 years. C) a framework promoting international free trade. D) revenue tariffs as a major source of U.S. government revenues.
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An individual paying twice as much in Social Security taxes over her lifetime as another individual would receive at least twice as much in Social Security benefits
a. True b. False
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