Which of the following is not correct?
A) It is only among the least skilled and least experienced members of the labor force that minimum-wage laws cause unemployment.
B) The equilibrium wages of the least skilled and least experienced members of the labor force tend to be low,and,therefore,are more likely to fall below the legal minimum wage.
C) If the wage is kept below the equilibrium level for any reason,the result is unemployment.
D) Minimum-wage laws,unions,and efficiency wages are all reasons wages may be kept above the equilibrium level.
Correct Answer:
Verified
Q3: Economists have found that union workers earn
Q8: Which of the following is not correct?
A)An
Q18: Which of the following is not correct?
A)When
Q20: When a union bargains successfully with employers,in
Q21: The Wagner Act of 1935
A)prevents unions from
Q29: Workers waiting for jobs to open up
Q241: Between the 1940s and today, union membership
Q259: U.S. Department of Labor data show that
Q270: Suppose that neither textile workers nor shoemakers
Q479: Collective bargaining refers to
A) the process by
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