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Recently in Oklahoma, lawmakers have increased the minimum wage to $8.00/hr because the old minimum wage ($5.25/hr) was found to be ineffective.
1. Is a minimum wage law a price floor or a price ceiling? Describe.
2. On a graph, please draw the effects of the minimum wage increase on the labor market. Label your graph
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"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"
Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"
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