According to the text, minimum-wage laws cause increases in
A) productivity. B) employment possibilities.
C) poverty. D) structural unemployment.
D
Economics
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If a product is a normal good, then its income elasticity of demand is
A) zero. B) positive. C) negative. D) indeterminate. E) greater than 1.
Economics
The supply of loanable funds curve shows:
a. a negative relationship between the interest rate and the quantity of loanable funds. b. a positive relationship between the interest rate and the quantity of loanable funds. c. an indirect relationship between the marginal rate of return on investment and the quantity of loanable funds. d. a negative relationship between the expected marginal rate of return on investment and the quantity of loanable funds.
Economics