Cracking the AP Economics Macro & Micro Exams, 2018 Edition by Princeton Review
Author:Princeton Review
Language: eng
Format: epub
Publisher: Random House Children's Books
Published: 2017-09-26T04:00:00+00:00
4. A The best approach is to draw the supply and demand for labor (see the figure below). As the minimum wage increases from W to W´, the wages rise, but the quantity of labor needed drops. Therefore, increasing the minimum wage would be beneficial for some workers (for those who are employed at the higher wage), but detrimental for others (those who were employed at the lower wage, but are no longer employed). The answer is (A).
5. D Before trade, the price and quantity of cotton would be P and Q respectively (as shown in the figure below). As the world price is below the domestic equilibrium price, the domestic price would fall to P´ and the equilibrium quantity would rise to Q´. As domestic producers would not be able to produce the higher quantities at the lower price, the United States would become a net importer of cotton. The answer is (D).
Download
This site does not store any files on its server. We only index and link to content provided by other sites. Please contact the content providers to delete copyright contents if any and email us, we'll remove relevant links or contents immediately.
International Integration of the Brazilian Economy by Elias C. Grivoyannis(74524)
The Radium Girls by Kate Moore(11616)
Turbulence by E. J. Noyes(7694)
Nudge - Improving Decisions about Health, Wealth, and Happiness by Thaler Sunstein(7238)
The Black Swan by Nassim Nicholas Taleb(6761)
Rich Dad Poor Dad by Robert T. Kiyosaki(6174)
Pioneering Portfolio Management by David F. Swensen(6078)
Man-made Catastrophes and Risk Information Concealment by Dmitry Chernov & Didier Sornette(5644)
Zero to One by Peter Thiel(5487)
Secrecy World by Jake Bernstein(4387)
Millionaire: The Philanderer, Gambler, and Duelist Who Invented Modern Finance by Janet Gleeson(4089)
The Age of Surveillance Capitalism by Shoshana Zuboff(3980)
Skin in the Game by Nassim Nicholas Taleb(3965)
The Money Culture by Michael Lewis(3843)
Bullshit Jobs by David Graeber(3826)
Skin in the Game: Hidden Asymmetries in Daily Life by Nassim Nicholas Taleb(3720)
The Dhandho Investor by Mohnish Pabrai(3560)
The Wisdom of Finance by Mihir Desai(3523)
Blockchain Basics by Daniel Drescher(3326)
