Suppose You Were to Hear an Economist Oppose the Minimum

Multiple Choice

Suppose you were to hear an economist oppose the minimum wage on the grounds that she estimated the loss to small businesses and to the unemployed and found that it exceeded the gain to workers getting a higher wage. You would know her to be relying on the ____ argument.

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