An effective minimum wage
a. imposes a price ceiling on the wages of various categories of low-skill workers.
b. increases the demand for low-skill workers.
c. makes it easier for low skill workers to find jobs.
d. increases the earnings of some low-skill workers while reducing the employment and training opportunities available to others.
D
Economics
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In economics, the term capital refers to
a. money. b. stocks and bonds. c. equipment and structures used in production. d. All of the above are correct.
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The loss of utility associated with an inferior mix of output because of poorly designed regulations is known as regulation costs.
Answer the following statement true (T) or false (F)
Economics