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Exhibit 4-6 -Refer to Exhibit 4-6.Suppose the Minimum Wage Is Set at Wage

Question 41

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Exhibit 4-6
Exhibit 4-6 -Refer to Exhibit 4-6.Suppose the minimum wage is set at $5.The result will be A) unemployment. B) a shortage of unskilled labor. C) no effect on the unskilled labor market. D) a prolonged surplus of unskilled labor. E) none of the above
-Refer to Exhibit 4-6.Suppose the minimum wage is set at $5.The result will be


A) unemployment.
B) a shortage of unskilled labor.
C) no effect on the unskilled labor market.
D) a prolonged surplus of unskilled labor.
E) none of the above

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