Multiple Choice
If the legal minimum wage rate is set at $1/hour instead of at the equilibrium rate,
A) employment for inexperienced and marginal workers will tend to fall.
B) employment of inexperienced and marginal workers will tend to rise.
C) employment of inexperienced and marginal workers will not be affected.
D) there is no way to determine how the employment of inexperienced and marginal workers would be affected.
Correct Answer:
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