According to the textbook, Spain's low minimum wage as a percentage of the average wage
A) is strong evidence in support of the theory that high minimum wages cause unemployment among the young to rise.
B) can be explained by the idea that the tradition of living at home is so strong in Spain that it offsets the effect of the low minimum wage.
C) shows why differences in minimum wages across countries is a valid explanation for why the unemployment rate among young people varies.
D) shows why lifestyle is not a valid explanation for why the unemployment rate among young people varies.
E) demonstrates that Spain does not have an unemployment problem among its young.
Correct Answer:
Verified
Q187: Among the United States, France, and Spain,
Q188: For the United States, France, and Spain
Q189: A higher tax rate on wages
A)shifts the
Q190: According to the labor supply and demand
Q191: Which of the following statements is true
Q193: Among the United States, France, and Spain,
Q194: Which of the following supports the contention
Q195: Which of the following statements is true?
A)Tax
Q196: Minimum-wage laws are the only valid explanation
Q197: Countries with a higher percentage of young
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