Increases in the minimum wage
A)have more support among economists than among the general public
B)raise the opportunity cost of staying in school
C)raise the opportunity cost of working
D)have no effect on the actual wages workers receive
E)raise overall employment in the economy

Question

Quizplus · Accepted Answer

A higher minimum wage can make working more attractive compared to spending time and money on education, which raises the opportunity cost of staying in school.

Increases in the Minimum Wage