Multiple Choice
One effect of a minimum wage in the market for low-skilled labor is
A) a shortage of low-skilled labor.
B) a surplus of low-skilled labor.
C) no effect in the market for low-skilled labor.
D) an increase in demand for low-skilled labor.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q1: The price of coffee increases. Which of
Q2: The effect of legislation establishing a minimum
Q4: Minimum wages are examples of<br>A) a price
Q5: For a given market demand curve, if
Q6: When prices are used as a rationing
Q7: In a market system, intermediaries in the
Q8: All of the following are methods of
Q9: In the market for domestic avocados, what
Q10: Red wine has just been found to
Q11: In the United States, the wage floor