If the legal minimum wage is set below the equilibrium wage rate
A) employment will tend to be lower than it otherwise would have been.
B) employment will tend to be higher than it otherwise would have been.
C) the level of employment will not be affected.
D) there is no way to determine how the level of government would be affected.
Correct Answer:
Verified
Q23: As wage rates rise to extremely high
Q25: Conservative economists would like to help younger
Q28: If there is an increase in the
Q29: If the legal minimum wage rate is
Q30: A decrease in economic rent would cause
A)an
Q31: Which statement is true?
A)The highest paid professional
Q32: Who is most likely to be earning
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