Exhibit 13-5 
-In theory, minimum wage laws create shortages in the labor market.
Correct Answer:
Verified
Q125: Studies have not shown definitively that the
Q126: By imposing antidiscrimination regulations that require similar
Q127: Compensating wage differentials are mainly a result
Q128: Discrimination is so costly that it is
Q129: Exhibit 13-5 Q131: In competitive markets, discrimination is Q132: The supply and demand model predicts that Q133: Discrimination has effectively been eliminated by government Q134: Compensating wage differentials are the differences in Q135: Piece-rate wage contracts create incentives for workers
A)less likely to
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