23 May WHICH OF THE FOLLOWING GROUPS ARE MOST LIKELY TO GAIN FROM AN INCREASE IN THE MINIMUM WAGE?
Which of the following groups are most likely to gain from an increase in the minimum wage?
2. A “compensating differential” in labor markets, discussed by Miller et al. in their chapter “(Why) Are Women Paid Less,” is
3. Ethanol subsidies help corn farmers but hurt taxpayers. But taxpayers far outnumber corn farmers and could outvote them. Why, according to Miller et al., have corn farmers been able to get favorable political treatment?
4. According to Miller et al., wind energy is
5. According to Marx, the value of a good is determined by
6. When governments impose price ceilings, such as a rent control law,
7. When two people voluntarily exchange goods,
8. Miller et al. point out that one of the effects of prohibiting various substances, such as drugs or alcohol, has been to:
9. In Iran, it is legal to pay people for human organs. As a result,
10. According to Richards, contrasting capitalism with an unrealizable utopian ideal, rather than real alternatives, is a variety of
11. In their chapter “The Mystery of Wealth,” Miller et al. use Zimbabwe as an example of a nation with destructive legal institutions. Which of the following policies are not among those which have contributed to the decline of Zimbabwe from 1980 to recent years?
12. Which of the following is true about the price system?
13. Which of the following do Miller, et al. say is likely to result from an increase in the minimum wage?
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