Which of the following is the most likely result of an increase in the minimum wage?
a. An increase in the employment of unskilled workers.
b. A decrease in the number of workers seeking minimum wage jobs.
c. An increase in the demand for unskilled workers.
d. A decrease in the employment of unskilled workers.
d
Economics
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If the demand curve for bottled water shifts rightward and the supply curve of bottled water shifts leftward, the equilibrium
A) price of bottled water definitely increases. B) price of bottled water definitely decreases. C) quantity of bottled water definitely increases. D) quantity of bottled water definitely decreases.
Economics
An automatic increase in a wage rate found in some contracts is known as a
A) change of labor agreement. B) cost of labor arrangement. C) cost of living adjustment. D) charge for living amendment.
Economics