Multiple Choice
Which of the following is not correct?
A) Critics argue that minimum-wage laws hurt the very people they are intended to help.
B) Minimum-wage laws may increase unemployment among the groups of workers affected by the minimum wage.
C) If the demand for unskilled labor is relatively inelastic, the higher wage will produce more unemployment than if the demand for unskilled labor is relatively elastic.
D) Minimum-wage laws may benefit teenagers from middle-class families, so the policy is not a precise way to help the poor.
Correct Answer:
Verified
Correct Answer:
Verified
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