Empirical evidence on the practical importance of minimum wage laws suggests:
A) that their impact on the employment level is nil.
B) that their impact on employment is actually favourable because they put more money in the hands of poorly paid workers, stimulating consumer spending, thus promoting economic growth.
C) that they do reduce the employment levels of younger and unskilled workers to a minor extent - a weak disemployment effect.
D) that they succeed in raising the incomes of poor households.
E) that they do reduce the employment levels of younger and unskilled workers to a major extent - a strong disemployment effect.
Correct Answer:
Verified
Q3: The supply of labour to an industry
Q4: Which of the following is a normative
Q5: Which of the following statements regarding the
Q6: If an employer is competitive in the
Q7: One way to evaluate empirically the impact
Q9: Which of the following statements regarding monopsony
Q10: If the labour market is perfectly competitive,
Q11: Which of the following statements is false?
A)
Q12: Which of the following statements is true
Q13: If the government sets a minimum wage
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents