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Essentials of Economics 2nd Edition by Campbell McConnell, Randy Grant, Stanley Brue
Edition 2ISBN: 978-0073511313Essentials of Economics 2nd Edition by Campbell McConnell, Randy Grant, Stanley Brue
Edition 2ISBN: 978-0073511313 Exercise 13
Why might an increase in the minimum wage in the United States simply send some jobs abroad Relate your answer to elasticity of labor demand.
Explanation
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An increase in the minimum wage will dec...
Essentials of Economics 2nd Edition by Campbell McConnell, Randy Grant, Stanley Brue
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