here is econ questions
Question 2 10 points Save Answer Many employers can't fill jobs for unskilled workers even when they pay more than the minimum wage. It can be concluded that O A. the minimum wage is the equilibrium wage. O B. the minimum wage is above the equilibrium wage. O C. the minimum wage is causing a surplus of workers for unskilled jobs. O D. the minimum wage is below the equilibrium wage.Question 3 10 points Save Answer Suppose the equilibrium rent for a standard one-bedroom apartment in the city of St. Louis is $539. If the rents on one-bedroom apartments are fixed at $375 by a city rent control ordinance, it's likely that O A. there's a shortage of one-bedroom apartments in St. Louis. O B. there's a surplus of one-bedroom apartments in St. Louis. C. the rent controls are not effective. O D. all those who are willing to pay the $375 rent can find apartments.Agricultural price supports are designed to C} A. keep the price of food low for consumers. C} B. keep tax rates low. C} C. keep the prices of agricultural products high to benet farmers. C} D. decrease the demand for agricultural products. Question 7 10 points Save Answer The nations of Eastern Europe are moving to allow free markets for goods and services. Under the old system, prices were often set at low levels and resulted in quantity supplied falling short of quantity demanded. As price controls are removed in these nations and free markets are permitted, it's likely that O A. prices will rise. O B. shortages will persist. O C. prices will fall. O D. all consumers will be made better off.Question 9 10 points Save Answer Suppose a support price for wheat is imposed that's above the market equilibrium price. As a result of the price support, O A. the quantity of wheat supplied will increase. O B. there will be a shortage of wheat. O C. there will be a decrease in the demand for wheat. O D. the quantity of wheat supplied will decrease.Question 10 10 points Save Answer A price floor of $5.22 per bushel is established for corn, and the government agrees to purchase all the corn that can't be sold in the marketplace at that price. As a result of the price floor, the quantity of corn demanded by buyers is 1.3 million bushels per year, while the quantity supplied by farmers is 2.87 million bushels per year. It follows that O A. the price floor of $5.22 is less than the market equilibrium price. O B. the government will have to spend $8.1954 million to purchase surplus corn. O C. there will be a shortage of 1.57 million bushels of corn. O D. the price of corn for consumers will be lower than it would have been if there were no price floor