The employment effect of a minimum wage increase is greater the
a. more elastic the demand for labor.
b. less elastic the demand for labor.
c. more the wage ceiling shifts the supply curve.
d. more the wage floor shifts the demand curve.
a
You might also like to view...
Stocks and bonds are similar in the sense that
a. both are sold initially in primary markets and then traded in secondary markets b. both are means of providing firms with the means of financing capital expenditures c. their prices are both perceived as signals of a firm's performance by management d. their values can both be calculated by discounting future payments to obtain a present value e. all of the above
The amount of unemployment varies
a. little over time and across countries. b. little over time but substantially across countries. c. substantially over time but little across countries. d. substantially over time and across countries.