A minimum wage
A. increases the number of unskilled workers who are employed.
B. increases wages to all unskilled workers.
C. increases the wages paid to unskilled workers who are employed.
D. increases cyclical unemployment.
Answer: C
Economics
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Scarcity refers to the situation in which
A) unlimited wants exceed limited resources. B) a country's population is larger than its resource base. C) a nation's poverty level increases faster than its population. D) unlimited resources exceed limited wants.
Economics
Draw a scatter diagram of the inflation rate and the interest rate. Describe the relationship
What will be an ideal response?
Economics