If a government were to fix a minimum wage for adult workers, economists would predict ?

Related Mcqs:

Assuming a downward sloping demand curve and upward sloping supply curve a higher equilibrium price may be caused by ?

A. An fall in demand B. An increase in supply C. improvements in production technology D. An increase in demand...

Comparing a monopoly and competitive firm, the monopolist will ?

A. produce less at a lower price B. produce more at a lower price C. produce less at a higher price D. produce less at a lower price...

If the consumption of good by one person does not reduce the quantity available by others and nobody can be easily excluded from consumption, we are referring to a ?

A. Private good B. merit good C. public good D. abundant good...

Suppose consumer tastes shift toward the consumption of apples Which of the following statements is an accurate description of the impact of this event on the market for apples ?

A. There is an increase in the quantity demanded of apples and in the supply for apples B. There is an increase in the demand and supply of apples. C. There is an increase in the demand for apples and a decrease in the supply of apples D. There is a decrease in the quantity … Suppose consumer tastes shift toward the consumption of apples Which of the following statements is an accurate description of the impact of this event...

Satellite television subscription and television detection devices are ways in which broadcasting companies address the ________ problem?

A. externality B. market imperfection C. deadweight burden D. free rider...