Multiple Choice
Which statements is NOT used to explain minimum wage
A) Some firms pay wages that are above the equilibrium wage.
B) Workers sometimes form labour unions to push their wages up.
C) Wages do not deviate from the balance of supply and demand in the market for labour.
D) The federal government mandates that employers pay their workers at least as much as the minimum wage.
Correct Answer:
Verified
Correct Answer:
Verified
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