Author Question: ________ dictates the lowest wage that firms may pay for labor. A) The black-market wage B) A ... (Read 136 times)

sam.t96

  • Hero Member
  • *****
  • Posts: 570
________ dictates the lowest wage that firms may pay for labor.
 
  A) The black-market wage B) A maximum wage requirement
  C) A minimum wage law D) A price-ceiling wage

Question 2

Price elasticity of supply is used to gauge
 
  A) how responsive suppliers are to a change in demand.
  B) how responsive sales are to a change in input prices.
  C) how responsive suppliers are to price changes.
  D) how responsive suppliers are to changes in future prices.


cascooper22

  • Sr. Member
  • ****
  • Posts: 312
Answer to Question 1

C

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

For a complete list of videos, visit our video library