Author Question: A decrease in the current minimum wage would: a. decrease employment for low skill workers. b. ... (Read 55 times)

KWilfred · **on:** Jun 30, 2018

A decrease in the current minimum wage would:
a. decrease employment for low skill workers.
b. increase firm's demand curves for low skill workers.
c. increase the supply of low skill workers.
d. decrease the incomes of some low skill workers.

Question 2

The idea behind money as a standard of value is that use of money allows:
a. greater efficiency in exchange.
b. receipt of income to be separated from spending.
c. persons to hold spending power for some period of time.
d. prices quoted in money terms.