Use Figure: Minimum Wage and Job Loss I. If the government sets a minimum wage of $14 per hour, then how many of the total number of unemployed workers are new entrants into the labor market who were not present at the competitive wage?
Minimum Wage and Job Loss I

A) 500
B) 1,000
C) 1,500
D) 2,000

Question

Use Figure: Minimum Wage and Job Loss I. If the government sets a minimum wage of $14 per hour, then how many of the total number of unemployed workers are new entrants into the labor market who were not present at the competitive wage?
Minimum Wage and Job Loss I

A) 500 
B) 1,000 
C) 1,500 
D) 2,000

Quizplus · Accepted Answer

The Answer of Use Figure: Minimum Wage and Job Loss I. If the government sets a minimum wage of $14 per hour, then how many of the total number of unemployed workers are new entrants into the labor market who were not present at the competitive wage?
Minimum Wage and Job Loss I

A) 500 
B) 1,000 
C) 1,500 
D) 2,000