An increase in the minimum wage will tend to cause which of the following to occur?

The price of input goods changes due to _____________ or _______________ for that particular good.

Fill in the blank(s) with the appropriate word(s).

What the economist calls externalities create social problems

A) because opportunity costs are low when people live close to one another. B) only when the externalities are negative spillovers. C) partly because people have a limited ability to empathize. D) when people know about all the consequences of their behavior.