Author Question: The government of Richland has set a minimum wage for factory workers. This will lead to an ________ ... (Read 87 times)

notis · **on:** Jun 29, 2018

The government of Richland has set a minimum wage for factory workers. This will lead to an ________ if above the current market wage.

A) increase in total surplus
B) increase in the number of workers supplied
C) excess demand for workers
D) increase in income inequality

Question 2

In economics, the term capital refers to

A) the money in one's pocket.
B) buildings and equipment.
C) mineral resources.
D) consumer goods.