When a minimum-wage law forces the wage to remain above the level that balances supply and demand, the result is a shortage of labor

When risks are shared across many different assets or people, reducing the impact of any particular risk on any one individual, it is called:

A. diversification. B. risk pooling. C. risk aversion. D. risk analysis.

The purpose of the IMF is to:

A. provide developing countries with short-term loans and technical assistance. B. determine monetary and fiscal policy in developing countries. C. determine exchange rates for developing countries. D. buy and sell the currencies of developing countries in order to stabilize their value.