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    Principles of Microeconomics Study Set 10
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    Exam 20: Income Inequality and Poverty
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    Minimum Wage Laws
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Minimum Wage Laws

Question 396

Question 396

Multiple Choice

Minimum wage laws


A) benefit all unskilled workers.
B) create unemployment, but if demand is relatively elastic, the unemployment effects will be minor.
C) may help the nonpoor, such as teenagers from wealthy families.
D) reduce poverty by reducing unemployment.

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