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Author Question: The minimum wage is a A) factor that decreases unemployment because fewer people search for work ... (Read 40 times)

jake

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on: Jun 29, 2018
The minimum wage is a
 
  A) factor that decreases unemployment because fewer people search for work if the minimum wage is increased.
  B) possible cause of job search because it lowers wages below their equilibrium.
  C) possible cause of job rationing because it raises wages above their equilibrium.
  D) possible cause of job rationing because it lowers wages below their equilibrium.
  E) government established highest wage that is legal to pay.

Question 2

As measured, GDP omits which of the following?
 
  i. Illegal sales of goods and services
  ii. Changes in the amount of leisure time
  iii. Household production of goods and services
  A) i and ii B) ii and iii C) i only D) i, ii, and iii E) i and iii


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manuelcastillo

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


jake

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

pangili4

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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