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

Question 158

Question 158

Multiple Choice

A binding minimum wage


A) affects employees but not employers.
B) lowers the productivity of workers.
C) raises the cost of labor to firms.
D) All of the above are correct.

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