Which of the following is a reason why wages might stay above the equilibrium rate?
A) Minimum-wage legislation
B) Contracts with labor unions
C) Efficiency wages paid to employees
D) All of these are reasons why wages may not fall below equilibrium.
Correct Answer:
Verified
Q90: Supporters of minimum-wage legislation argue that:
A) workers
Q91: A minimum wage is:
A) the lowest wage
Q92: If minimum wage legislation causes unemployment, then:
A)
Q93: Cyclical unemployment tends to move alongside:
A) the
Q94: If the minimum wage is set below
Q96: There is evidence that the presence of
Q97: Labor unions are groups of employees who:
A)
Q98: How might labor unions affect the labor
Q99: Efficiency wages are:
A) deliberately set above the
Q100: In general, the role of unions in
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