Emeril is the owner of a restaurant.He decides to raise the wages of his workers even though he faces an excess supply of labor.His decision
A) might increase profits if it attracts a better pool of workers to apply for jobs at his restaurant.
B) will reduce the excess supply of labor.
C) is an example of the benefits of a minimum-wage law.
D) All of the above are correct.
Correct Answer:
Verified
Q27: Minimum-wage laws
A)create frictional unemployment,while firms paying wages
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Q29: Which of the following is not a
Q30: Sectoral changes in demand
A)create frictional unemployment,while firms
Q31: Which of the following causes of unemployment
Q33: Efficiency wages
A)raise the productivity of a firm's
Q34: In which of the following situations should
Q35: According to the theory of efficiency wages,if
Q36: A firm may pay efficiency wages in
Q37: Job search
A)and firms paying wages above equilibrium
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