The evidence on how minimum wage laws work in the real world:
A) is mixed.
B) clearly shows that such price floors cause unemployment.
C) clearly shows that there is simply a transfer of surplus from employer to worker.
D) None of these are true.
Correct Answer:
Verified
Q162: The most common way for workers to
Q163: When considering the factor distribution of income,
Q164: A minimum wage law is a:
A)price ceiling.
B)price
Q165: A monopsony is an example of:
A)a buyer
Q166: In the United States, some of the
Q168: What is one reason why an efficiency
Q169: Minimum wages are:
A)an example of an efficiency
Q170: Which of the following statements describes a
Q171: A monopsony is a market that has:
A)many
Q172: An efficiency wage is a wage that:
A)the
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