Author Question: The general equilibrium analysis of a minimum wage applied to only some sectors of the economy ... (Read 75 times)

swpotter12

  • Hero Member
  • *****
  • Posts: 527
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.


AngeliqueG

  • Sr. Member
  • ****
  • Posts: 343
Answer to Question 1

C

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

For a complete list of videos, visit our video library