If the government sets a minimum wage for workers that is above the competitive wage,
A) Unemployment would decrease through a disemployment effect.
B) Wages would fall as firms try to reduce labour costs.
C) The total wage bill must fall.
D) Unemployment would increase through a disemployment effect.
E) The total wage bill must rise.
Correct Answer:
Verified
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Q11: Which of the following statements is false?
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Q18: Which of the following statements is false?
A)
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