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Which of the Following Is Not Correct

Question 181

Multiple Choice

Which of the following is not correct?


A) The economy contains many labor markets for different types of workers.
B) The impact of the minimum wage depends on the skill and experience of the worker.
C) The minimum wage is binding for workers with high skills and much experience.
D) The minimum wage is not binding when the equilibrium wage is above the minimum wage.

Correct Answer:

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