Multiple Choice
Which of the following statements about the minimum wage is false?
A) The minimum wage causes a shortage of unskilled labor.
B) The minimum wage is an example of a price floor.
C) The minimum wage increases unemployment among unskilled workers.
D) More unskilled individuals are willing to offer their services in the labor market with a minimum wage than they would without it.
E) The minimum wage is set above the equilibrium wage.
Correct Answer:
Verified
Correct Answer:
Verified
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