In the labor market, if the government imposes a minimum wage that is below the equilibrium wage, then

A) workers who wish to work at the minimum wage will have a difficult time finding jobs.
B) firms will hire fewer workers than without the minimum wage law.
C) some workers may lose their jobs as a result.
D) nothing will happen to the wage rate or employment.

D

Economics

You might also like to view...

Suppose a single firm supplies all the ceramic windlasses in the U.S. The demand curve that firm faces is

a. elastic everywhere b. unit elastic everywhere c. inelastic everywhere d. perfectly inelastic everywhere e. elastic at the profit-maximizing quantity

Economics

U.S. households headed by __________ are the most likely to be poor.

A. Hispanic males B. those under age 18 C. single males D. single women

Economics