« previous next »

Author Question: The general equilibrium analysis of a minimum wage applied to only some sectors of the economy ... (Read 73 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?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

This girl has a long leg cast, which was applied after surgery to correct her clubfoot. This girl has a long leg cast, which was applied after surgery to correct her clubfoot.
Line analysis of Titian, Assumption and Consecration of the Virgin. Line analysis of Titian, Assumption and Consecration of the Virgin.
Multiplexed fluorescent microbead assays. Multiplex analysis for the ENA antigens, Sm, RNP, SS-A, ... Multiplexed fluorescent microbead assays. Multiplex analysis for the ENA antigens, Sm, RNP, SS-A, ...
General Characteristics of Nervous Tissue General Characteristics of Nervous Tissue
GENERAL BIO IMAGES GENERAL BIO IMAGES
General strategies of forward and reverse genetics General strategies of forward and reverse genetics
Video: Cortisol (protein catabolism, gluconeogenesis, vasoconstriction & anti-inflammation)

For a complete list of videos, visit our video library