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    Foundations of Macroeconomics
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    Exam 7: Government Actions in Markets
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    Who Loses and Who Gains from the Minimum Wage
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Who Loses and Who Gains from the Minimum Wage

Question 3

Question 3

Multiple Choice

Who loses and who gains from the minimum wage?


A) Losers are all workers and gainers are all firms.
B) Losers are all firms and gainers are all workers.
C) Losers are all firms and some workers, while gainers are other workers.
D) Gainers are some firms and all workers, while losers are some firms.
E) Gainers are some firms and some workers, while losers are other firms and other workers.

Correct Answer:

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