Which of the following will increase the natural unemployment rate?
i. a minimum wage set above the equilibrium wage rate
ii. efficiency wages
iii. union-negotiated wages
A) i only
B) i, ii and iii
C) i and ii
D) ii and iii only
E) i and iii only
B
Economics
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The main revenue sources for state and local governments are corporate income taxes
a. True b. False Indicate whether the statement is true or false
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If everyone's utility function includes only conspicuous consumption goods:
A. the market will lead to higher social welfare than it otherwise would. B. the market will lead to lower social welfare than it otherwise would. C. we can say nothing about market and social welfare. D. the market will lead to the highest social welfare.
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