If skilled and unskilled labor are substitutes, then an increased minimum wage would tend to
A) reduce the demand for both unskilled and skilled workers.
B) reduce the quantity demanded of unskilled workers and increase the demand for skilled workers.
C) reduce the demand for unskilled workers and increase the quantity demanded of unskilled workers.
D) reduce the quantity demanded for both unskilled and skilled workers.
B
Economics
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Refer to the scenario above. Jack will derive ________ units of utility if he tries to move the tree while Jill does not try at all
A) 5 B) -5 C) -2 D) 10
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An increase in economic growth in China will
A. shift the supply curve of US corn to the right. B. shift the supply curve of US corn to the left. C. shift the demand curve for US corn to the right. D. shift the demand curve for US corn to the left.
Economics