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In the South African Labor Market

Question 158

Multiple Choice

In the South African labor market


A) workers celebrated minimum wages above market equilibrium wages.
B) above-market equilibrium wages have been shown to work and keep most workers employed.
C) workers begged the government to allow below-minimum wage factories to stay open,reasoning that any job is better than no job.
D) despite unemployment,minimum wage laws have made incomes more equal.
E) the minimum wage works because it is nonbinding.

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