Which one of the following will most likely be harmed by legislation exempting teenagers from the minimum wage?
A) a high school student seeking a part-time job
B) a high-skilled, 30-year-old worker who is unlikely to compete with low-skilled teenagers in the employment market
C) a large family that often employs the services of low-skilled, part-time workers
D) an illiterate 40-year-old worker with few labor skills
Correct Answer:
Verified
Q248: An effective minimum wage
A) imposes a price
Q249: When a supply and demand model is
Q250: The market pricing system corrects an excess
Q251: Other things constant, as the price of
Q252: If an increase in the government-imposed minimum
Q254: Which of the following about minimum wage
Q255: A substantial revision of the income tax
Q256: A price floor set above an equilibrium
Q257: Suppose the market equilibrium price of wheat
Q258: A price floor that sets the price
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