Economic analysis indicates minimum wage legislation has
A) made it possible for any teenager who wants to work to earn almost 80 percent as much as an adult.
B) made it easier for teenagers to find jobs that offer the opportunity for training.
C) been an important source of increases in income since most workers earn at or near the minimum wage.
D) reduced the on-the-job training opportunities available to teenagers.
Correct Answer:
Verified
Q242: In a market economy, which of the
Q243: When the price of a good is
Q244: Which of the following would tend to
Q245: A law establishing a minimum legal price
Q246: Both price floors and price ceilings lead
Q248: An effective minimum wage
A) imposes a price
Q249: When a supply and demand model is
Q250: The market pricing system corrects an excess
Q251: Other things constant, as the price of
Q252: If an increase in the government-imposed minimum
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