Questions from General Economics


Q: The argument that the minimum wage is worse than the Earned Income

The argument that the minimum wage is worse than the Earned Income Tax Credit is based on the idea that a) the people who earn the minimum wage are really poor. b) the minimum wage applies to all wo...

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Q: The distinct feature of the marginal cost curve in the analysis of

The distinct feature of the marginal cost curve in the analysis of venues is that it is a) a vertical line. b) a horizontal line. c) a check-shaped curve. d) a backward L.

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Q: If the equilibrium rent is _____ the controlled level, then rent

If the equilibrium rent is _____ the controlled level, then rent control laws are ______. a) above; necessary b) above; irrelevant c) below; necessary d) below; irrelevant

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