The cost of the mandated minimum wage is most likely to be borne by the:
A) high income taxpayers who must pay the taxes to finance the program.
B) consumers who purchase the goods produced by unskilled workers.
C) businesses whose profits will fall due to the higher wage rates.
D) government which pays the difference between the equilibrium and the minimum wage.
Correct Answer:
Verified
Q1: The minimum wage law is not an
Q2: According to the Fair Labor Standards Act,which
Q4: The disemployment effect of a minimum wage
Q5: Which of the following categories of workers
Q6: Use the following figure to answer the
Q7: Which of the following is most likely
Q8: Which of the following is not a
Q9: Suppose the current wage of Type A
Q10: The cost of the minimum wage is
Q11: Employers sometimes reduce the fringe benefits provided
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