Multiple Choice
Which of the following statements accurately characterizes the effects of minimum-wage laws?
A) Some workers who might have been employed at a lower wage become unemployed.
B) Those workers who remain employed benefit from a higher wage.
C) The effects of minimum-wage laws depend strongly on the elasticity of demand.
D) All of the above accurately characterize the effects of minimum-wage laws.
Correct Answer:
Verified
Correct Answer:
Verified
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