Some Countries Have High Minimum Wages and Require a Lengthy

question 256

Multiple Choice

Some countries have high minimum wages and require a lengthy and costly process to get permission to open a business

• A) Reducing either the minimum wage or the time and cost to open a business would have no effect on the long- run aggregate supply curve.
• B) Reducing the minimum wage and the time and cost to open a business would both shift the long-run aggregate supply curve to the right.
• C) Reducing the minimum wage would shift long-run aggregate supply to the right. Reducing the time and cost to open a business would have no affect on the long-run aggregate supply curve.
• D) Reducing the minimum wage would have no affect on the long-run aggregate supply curve. Reducing the time and cost to open a business would shift the long-run aggregate supply curve to the right.

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Definitions:

Meiosis II

The second meiotic division; follows interkinesis and consists of prophase II, metaphase II, anaphase II, and telophase II; see meiosis.

Interphase

The phase of the cell cycle during which the cell prepares for division by replicating its DNA and increasing in size.

Eukaryotic Cell Cycle

The series of stages through which a cell passes leading to its division and duplication, common to organisms whose cells have a nucleus.

Cell Cycle Checkpoints

Regulatory pathways in the cellular cycle that ensure proper division events, preventing the progression of the cycle if errors or damage are detected.