« previous next »

Author Question: The general equilibrium analysis of a minimum wage applied to only some sectors of the economy ... (Read 69 times)

swpotter12

  • Hero Member
  • *****
  • Posts: 527
on: Jul 1, 2018
The general equilibrium analysis of a minimum wage applied to only some sectors of the economy suggests that
 
  A) workers in all sectors will face increased wages.
  B) some workers in the covered sectors will lose their jobs and remain unemployed.
  C) some workers originally employed in the covered sectors will move to the uncovered sectors, driving down wages in the uncovered sectors.
  D) all workers will be worse off.

Question 2

If a firm buys a building so as to have office space for its workers, the monthly opportunity cost of the building is best measured as
 
  A) the monthly mortgage payment the firm must pay.
  B) the price the firm paid divided by twelve.
  C) zero.
  D) the rent the firm could earn if it rented the building to another firm.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


AngeliqueG

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Amino acids in general acid-base catalysis Amino acids in general acid-base catalysis
Is the self the same as the brain? Materialists contend that in the final analysis, mental states ... Is the self the same as the brain? Materialists contend that in the final analysis, mental states ...
Migration and Global Economy Migration and Global Economy
What will be the pH of the solution once equilibrium is established? What will be the pH of the solution once equilibrium is established?
Table - Correlation Analysis Table - Correlation Analysis
Determine the nominal annual rate of interest of the following ordinary general annuity. Determine the nominal annual rate of interest of the following ordinary general annuity.
Video: Major Elements in Biological Molecules: Carbohydrates

For a complete list of videos, visit our video library