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samualson samualson
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5 years ago
The CBS news correspondent Bill Whitaker discussed the high level of unemployment among teens, especially during the summer months. In 2011, unemployment among the population as a whole was 9.1 percent, but among teens it was close to 24 percent. Many of these teens were hoping to get entry level jobs as small businesses. (Source: CBS news, June 4, 2011)
A minimum wage set above the equilibrium wage rate is called
A) a price floor.
B) a price ceiling.
C) quota.
D) subsidy.
Textbook 
Foundations of Finance

Foundations of Finance


Edition: 9th
Authors:
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#1
5 years ago
 A
samualson Author
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#2
5 years ago
Mind blown, I've bookmarked this site on told my friends
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#3
5 years ago
Really appreciate that
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