Author Question: The minimum wage is a A) factor that decreases unemployment because fewer people search for work ... (Read 38 times)

jake · **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