Suppose You Were to Hear an Economist Defend the Minimum

Multiple Choice

Suppose you were to hear an economist defend the minimum wage on the grounds that she estimated that when she estimated the saving rate of minimum wage workers and found it to be much smaller than the savings rate of employers. You would know her to be relying on the ____ argument.

A) macroeconomic
B) elasticity
C) work effort
D) consumer and producer surplus