Q1. Which of the following statements about price floors and the labor market is least accurate? A) In the long run, effective price floors lead to inefficiencies in production. B) Setting a minimum wage above the equilibrium wage rate will lead to an excess supply of labor. C) If a price floor is set below the equilibrium price, the quantity demanded will exceed the quantity supplied.
Q2. A minimum wage is an example of which of the following? A) A price ceiling. B) A price floor. C) Rent controls.
Q3. A minimum wage set above the equilibrium minimum wage will most likely have which of the following effects? A) Unemployment will rise. B) There will be a shortage of workers. C) It will have no effects.
Q4. Which of the following is least likely to be the result of a minimum wage? A) Labor will be substituted for capital. B) There will be an abundance of low-skilled workers willing to work. C) On-the-job training will be cut back. | 
发表于 2008-12-31 10:16
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