Choose the BEST answer. Read the explanation if there is.
True
False
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True
False
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True
False
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True
False
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Smaller
Larger
The same
Shifted
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The market for teenage labor
The increase in number of old laborers
The average employee
The manager of the organization
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Cause other workers to be unemployed
Disrupt market equilibrium
Cause inflation
Decrease quality of hired workers
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True
False
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True
False
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True
False
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Advantageous
Abusive
Non-binding
Binding
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Stay in school because their parents can now easily pay
Drop out and take jobs
Result to underground employment
Have a part time job
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The price is not in equilibrium
They have smaller house
Are satisfied
Also get lower-quality housing
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Decide whether the law affects the supply curve or demand curve
Decide which way the curve shifts
Examine how the shift affects the equilibrium price and quantity
Decide whether the supply and demand curves are elastic or inelastic
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True
False
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Whose curve is more inelastic
Who benefits more
Who sends the money to the government
Who leaves faster from the market
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Conditions improve
Prices inflate
Condition becomes unfavorable
The tax is too big
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True
False
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True
False
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True
False
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Worker's tax
Worker's burden
Worker contribution
Employee tax
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