Multiple Choice
An increase in the minimum wage will decrease employment more when
A) the supply of labor is more elastic.
B) the uncovered sector is small.
C) the demand for labor is inelastic.
D) All of the above will cause the minimum wage to decrease employment more.
Correct Answer:
Verified
Correct Answer:
Verified
Q10: If two inputs are gross complements,the cross-wage
Q11: Own-wage elasticities of demand are<br>A) always positive.<br>B)
Q12: According to empirical estimates,when wages are increased
Q13: Output is produced with capital and labor.If
Q14: Own-wage elasticity of labor demand tends to<br>A)
Q16: If teenagers and adults are substitutes in
Q17: Cross wage elasticities of demand are<br>A) always
Q18: Empirical estimates of cross-wage elasticities show that<br>A)
Q19: If the own-wage elasticity of demand for
Q20: In a simple economy,there are 100 workers.50