A binding minimum wage
a. affects employees but not employers.
b. lowers the productivity of workers.
c. raises the cost of labor to firms.
d. All of the above are correct.
c
You might also like to view...
Due to lowering its prices to compete with its rivals, increased competition from Airbus, and cuts to military spending, Boeing announced it would ________ the number of persons it employed in 2017 and this would ________ the total number of persons
unemployed in the economy. A) decrease; increase B) decrease; decrease C) increase; decrease D) increase; increase
Use the following diagram to answer the next question.
The straight line E drawn through the wavy lines would provide an estimate of the
A. natural rate of unemployment. B. recovery trend. C. recession fluctuation. D. economic growth trend.