Which of the following is not correct?
a. Some states in the U.S. mandate minimum wages above the federal level.
b. Most European nations have minimum-wage laws.
c. The U.S. minimum wage is significantly higher than the minimum wages in France and the United Kingdom.
d. The U.S. Congress first instituted a minimum wage with the Fair Labor Standards Act.
c
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Looking at the U.S. balance of payments for the last two decades, how have the current account and the capital account changed?
What will be an ideal response?
Bill currently uses his entire budget to purchase 5 cans of Pepsi and 3 hamburgers per week. The price of Pepsi is $1 per can, the price of a hamburger is $2, Bill's marginal utility from Pepsi is 4, and his marginal utility from hamburgers is 6
Bill could increase his utility by: A) increasing Pepsi consumption and reducing hamburger consumption. B) increasing hamburger consumption and reducing Pepsi consumption. C) maintaining his current consumption choices. D) We do not have enough information to answer this question.