The federal income tax in the United States is

If exchange rates are allowed to fluctuate freely and the US demand for Japanese yen increases which of the following will happen?

a. the US balance of trade deficit will worsen in the long run b. Americans will have to pay more for Japanese goods c. It will be more expensive for the Japanese to buy American real estate d. the dollar will appreciate e. more Americans will want to travel to Japan

The supply curve of low-skilled labor is upward sloping because those workers know that government will protect them with minimum wage legislation

Indicate whether the statement is true or false