The Rule-Of-Thumb Among Many Economists Suggests That a 10% Increase

Multiple Choice

The rule-of-thumb among many economists suggests that a 10% increase in the minimum wage results in a ________ in the number of jobs held by teens.

A) 10% to 15% drop
B) 10% to 15% increase
C) 1% to 3% increase
D) 1% to 3% drop