Multiple Choice
Suppose you were to hear a politician defend the minimum wage on the grounds that the low-wage workers would spend more of their extra income that wealthier employers would and therefore the effect would be positive, you would know this person to be relying on the ____ argument.
A) macroeconomic
B) elasticity
C) work effort
D) consumer and producer surplus
Correct Answer:
Verified
Correct Answer:
Verified
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