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.
C
You might also like to view...
According to the above table, the marginal propensity to consume is
A) 0.8. B) 0.75. C) 0.5. D) 0.6.
One of the difficulties in implementing monetary policy is the time it takes:
A. to enact monetary policy once the Fed has decided action is needed. B. to pass new monetary policy once the Fed has decided action is needed. C. monetary policy to have an effect in the economy once enacted. D. to get approval from the Congress to implement the policy.