If the minimum wage exceeds the equilibrium wage, then
A. there will be no unemployment.
B. the minimum wage will not be binding.
C. the quantity supplied of labor will exceed the quantity demanded.
D. the quantity demanded of labor will exceed the quantity supplied.
C. the quantity supplied of labor will exceed the quantity demanded.
Economics
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Which of the following firms is most likely to be a perfectly competitive firm?
a. one of the three largest U.S. automakers b. one of the "Seven Sisters" oil producers c. a public school operated by the government d. a soybean farmer e. a manufacturer of refrigerators
Economics
Saving divided by income equals the _______ rate.
A. interest B. income C. wealth D. saving
Economics