Refer to the information above. Given this information, the steady state rate of growth of output is

Minimum wages are examples of

A) a price floor. B) a price ceiling. C) the rationing function of prices not working. D) government increasing the demand for certain products.

A common fallacy that is used to oppose trade is the idea that

a. the only gains from trade go to the rich, so the poor must lose. b. "you get what you pay for." c. "if it's not broken, don't fix it." d. one country's gain must be another's loss. e. what is true for one is true for all.