Multiple Choice
Minimum wage is an example of a price ________, and results in a ________ of labor.
A) floor; surplus
B) ceiling; surplus
C) floor; shortage
D) ceiling; shortage
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q230: Refer to the information provided in Figure
Q231: Minimum wage laws contribute to a _
Q232: Efficiency wages are an explanation for the
Q233: Which of the following may shift the
Q234: Refer to the information provided in Figure
Q236: The Phillips curve suggests that if we
Q237: If a country has a population of
Q238: If you hear a person saying "I
Q239: The unemployment rate is the fraction of
Q240: If aggregate demand decreases and expectations regarding