Multiple Choice
In a competitive labour market, effective minimum wage legislation:
A) increases market efficiency.
B) redistributes income from consumers to minimum wage workers.
C) redistributes income from firms to minimum wage employees.
D) increases employment in minimum wage industries.
Correct Answer:
Verified
Correct Answer:
Verified
Q16: The distribution of income depends primarily on:<br>A)political
Q17: A union wage is like a minimum
Q18: The negative income tax:<br>A)is similar with the
Q19: A wage floor in a two- sector
Q20: Which of the following are reasons for
Q22: The topping- up mechanism:<br>A)is not unlike the
Q23: The efficient transfer mechanism:<br>A)is similar to the
Q24: The supply of labour to a monopsonistic
Q25: In a monopsony labour market without minimum
Q26: Which set of institutions guarantees that input