
Which of the following is not a consequence of minimum wage laws?
A) Low skilled workers are hurt because minimum wage reduces the number of jobs providing low skilled workers with training.
B) Employers will be reluctant to offer low-skill workers jobs with training.
C) Producers have an incentive to offer workers non-wage benefits such as extra health and dental care benefits and convenient working hours rather than a higher wage.
D) Some workers benefit when the minimum wage is increased.
Correct Answer:
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Q82: One of the stated purposes of price
Q82: Table 4-4 Q109: Rent control is an example of Q110: Economists refer a to a market where Q113: Figure 4-5 Q123: Which term refers to a legally established Q128: Figure 4-5 Q129: In order to be binding, a price Q134: Figure 4-5 Q138: Figure 4-6 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
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A)a subsidy
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