The evidence on how minimum wage laws affect the real world:
A) is mixed.
B) shows clearly that such price floors cause unemployment.
C) shows clearly that there is simply a transfer of surplus from employer to worker.
D) None of these statements is true.
Correct Answer:
Verified
Q163: When considering the factor distribution of income,
Q164: A minimum wage law is a:
A)price ceiling.
B)price
Q165: A "company town" is one in which:
A)
Q165: A monopsony is an example of:
A)a buyer
Q166: In general,the larger the membership of a
Q169: Minimum wages are:
A) not very controversial.
B) always
Q170: The factor distribution of income:
A) shows how
Q171: When considering the factor distribution of income,which
Q172: An efficiency wage is a wage that:
A)the
Q173: A market which consists of many sellers
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