Supporters of minimum-wage legislation argue that:
A. workers deserve a basic standard of living.
B. it would not be fair for firms to pay a wage that would leave workers struggling to escape poverty.
C. a worker earning minimum wage should be able to live above the poverty line.
D. All of these are true.
D. All of these are true.
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Examining the conditions that could lead to economic growth is an example of a macroeconomics topic
Indicate whether the statement is true or false
If nations begin to expand their specialization in production for the purpose of trade, a. consumer surplus will increase, but not total output
b. total world output will increase, and consumer surplus will increase as well. c. total world output will increase, but consumer surplus will not increase. d. neither total output nor consumer surplus will change.