All of the following count as unreported income except

A. International trade in cocaine.
B. A waiter's tips that are not reported to the IRS.
C. The $5 you pay your friend to help you study for a test.
D. The money you pay a private tutor who works for Tutors Inc.

Answer: D

Economics

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If the minimum wage is above the equilibrium wage rate, then an increase in the minimum wage ________ employment and ________ unemployment

A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases E) does not change; increases

Economics

Refer to the above table. Nation "A" has a current account

A) deficit of 15. B) surplus of 15. C) deficit of 60. D) surplus of 60.

Economics