Opponents of the minimum wage note that a high minimum wage creates unemployment, causes teenagers to drop out of school and prevents some unskilled workers from getting the on-the-job training that they need.
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Q10: If the government sets the minimum price
Q11: Price controls often help those in need.
Q12: Suppose that the equilibrium wage rate in
Q13: Market prices are an efficient and impersonal
Q14: Suppose a price ceiling is placed on
Q16: The minimum wage creates the most benefits
Q17: The consequences of economic policies are often
Q18: A binding price floor causes a surplus.
Q19: Suppose the market equilibrium price for cigarettes
Q20: Common rationing mechanisms under price ceilings include
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