Many economists are critical of the minimum wage because they believe that it:
A. hurts the efforts of labor unions.
B. reduces the number of available job opportunities.
C. conflicts with policies designed to equalize the distribution of income.
D. causes labor shortages in affected markets.
Answer: B
Economics
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The U.S. supply curve of dollars is upward-sloping because a:
a. higher number of yen per dollar means Japanese goods are cheaper in Japan. b. higher number of yen per dollar means Japanese goods are cheaper in the U.S. c. lower number of yen per dollar means Japanese goods are cheaper in the U.S. d. none of these.
Economics
The demand curve depicts quantities demanded that have been gathered as prices have changed over time
a. True b. False Indicate whether the statement is true or false
Economics