Exam (elaborations)
Exam (elaborations) ECON 102
- Course
- ECON 102
- Institution
- Pennsylvania State University - All Campuses
1. In class, we discussed the minimum wage. Is the minimum wage a price floor or a price ceiling? Name one reason for and one reason against raising the minimum wage. 2. Our economy is “self-organized and decentralized”. What does this mean? Who decides prices and quantities of goods? Yo...
[Show more]