An English auction consists of ________.
A) an auctioneer and several bidders
B) one auctioneer and one bidder
C) few auctioneers and several bidders
D) several auctioneers and one bidder
Question 2
An effective minimum wage tends to create unemployment among unskilled workers because it
A) reduces the demand for their labor services.
B) increases the supply of their labor services.
C) reduces the marginal productivity of their labor services.
D) reduces the quantity demanded for their labor services while increasing the quantity supplied of their labor services.
E) generates all of the above.
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