A. Maximum wage the firm is willing to pay
B. tip necessary to get a waiter to reserve a table
C. minimum wage the worker is willing to accept
D. competitive equilibrium wage.
A. Japan and Korea
B. Brazil and Argentina
C. Algeria and Yugoslavia
D. Singapore and Malaysia
A. merchandise trade deficits
B. merchandise trade surpluses
C. capital/financial account surpluses
D. capital/financial account deficits
A. India
B. Egypt
C. China
D. USA
A. incomes policy
B. Moral hazard
C. Wagner’s law
D. Fiscal policy
A. 700 units from country C
B. 700 units from country C and 600 units from country B
C. 600 units from country C
D. 600 units from country C and 400 units from country B
A. output is maximized
B. inputs are minimized
C. there is no way to make a given output using less of one input and no more of the other inputs
D. Costs are minimized