Suppose that Congress increased the minimum wage to $12.50/hour, ceteris paribus. This will:
A) increase the number of fast food workers
B) decrease the number of fast food workers
C) result in no change in the number of fast food workers
D) not enough information to answer
Correct Answer:
Verified
Q42: Agriculture is:
A) global in nature
B) local in
Q43: If the price of corn increases, then:
A)
Q44: The price of cattle assumes:
A) different qualities
Q45: When the price of gasoline increases, ceteris
Q46: Economics assumes that all business firms desire
Q48: Mechanization of agriculture has:
A) eliminated millions of
Q49: Resources are:
A) plentiful
B) used to produce inputs
C)
Q50: If the price of corn increases relative
Q51: Define the term, "scarcity," and explain why
Q52: Explain how economists use the concept of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents