Minimum wages create unemployment in markets where they create a
a. shortage of labor. Minimum wage laws are not the predominant reason for unemployment in the U.S.
b. shortage of labor. Minimum wage laws are the predominant reason for unemployment in the U.S.
c. surplus of labor. Minimum wage laws are not the predominant reason for unemployment in the U.S.
d. surplus of labor. Minimum wage laws are the predominant reason for unemployment in the U.S.
c
Economics
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What is meant by the statement that "optimal decisions are made at the margin"?
What will be an ideal response?
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A cartel is a group of firms that ________ to make price and output decisions.
A. implicitly colludes B. are unable C. act independently D. explicitly colludes
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