If minimum wage legislation does not cause unemployment, then:
A) minimum wage workers will benefit.
B) firms will earn higher profits.
C) the minimum wage must have been set above the equilibrium wage in the labor market.
D) the government should increase unemployment benefits.
Correct Answer:
Verified
Q84: Those who oppose minimum wage legislation argue
Q85: Some economists argue that the minimum wage:
A)
Q86: Unemployment is a lagging indicator because firms:
A)
Q87: How would a new national policy that
Q88: Unions:
A) are unnecessary if the market does
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
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