A binding minimum wage creates a surplus of labor

a. True
b. False
Indicate whether the statement is true or false

True

Economics

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The 2002-2008 OPEC price increases caused by conflict in the Middle East caused the aggregate

a. demand curve to shift outward. b. demand curve to shift inward. c. supply curve to shift outward. d. supply curve to shift inward.

Economics

The concept of economic rent is associated with the economist

A) Adam Smith. B) Karl Marx. C) David Ricardo. D) John Maynard Keynes.

Economics