Those that gain from an increase in the minimum wage are
A. those workers who keep their jobs.
B. all workers.
C. consumers who pay lower prices for goods.
D. employers.
Answer: A
Economics
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Refer to Figure 9.3. If the market is in equilibrium, the consumer surplus earned by the buyer of the 100th unit is
A) $0.50. B) $0.75. C) $1.50. D) $2.00. E) $2.75.
Economics
If a bank receiving a new deposit of $200,000 would be able, as a result, to increase their lending by at most $150,000, then the required reserve ratio equals: a. 4%
b. 25%. c. 40%. d. 50%.
Economics