If the government eliminates a minimum wage,ceteris paribus,then:
A) Wages will rise,but employment will fall.
B) Wages will fall,but employment will rise.
C) Both wages and employment will fall.
D) Both wages and employment will rise.
Correct Answer:
Verified
Q71: The equilibrium wage will definitely rise if:
A)
Q72: A minimum wage impacts the labor market
Q73: The equilibrium quantity of labor will definitely
Q74: In a competitive labor market,at wages above
Q75: The market equilibrium wage occurs where:
A) Demand
Q77: The equilibrium level of employment is determined
Q78: If the government decides to raise the
Q79: When the minimum wage is established above
Q80: If labor productivity rises,then wages:
A) Will decrease
Q81: The following table shows how apple output
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