One reason why an increase in the minimum wage may result in increased employment is that
A) the government prohibits firms from laying-off affected workers
B) the supply of labor sometimes falls as a result of the higher minimum wage
C) all wages rises by the same percent that the minimum wage rises
D) employers react to the higher minimum wage by substituting part-time jobs for full-time jobs
E) employers react to the higher minimum wage by substituting full-time jobs for part-time jobs
Correct Answer:
Verified
Q200: An increase in the price of electronic
Q201: Which of the following would not explain
Q202: People supply their resources to the highest-paying
Q203: If a firm is maximizing profit and
Q204: A change in demand for a resource
Q206: The minimum wage
A)is an example of a
Q207: In May 2007, Congress and the president
Q208: The non-wage job features that an employer
Q209: Fred Ramirez is a farmer who charts
Q210: The 2007 minimum wage law covered nearly
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents