The minimum wage can be thought of as a price floor. The great majority of labor economists believe that a minimum wage __________ unemployment among young and unskilled workers.
A) increases
B) decreases
C) eliminates
D) has no effect on
E) There is not enough information to answer the question.

Question

Quizplus · Accepted Answer

According to the statement, the majority of labor economists believe that a minimum wage increases unemployment among young and unskilled workers. Therefore, the best choice is A.

The Minimum Wage Can Be Thought of as a Price