One of the Consequences of the Minimum Wage Has Been: A

Producers may supply a good with inefficiently high quality if the government imposes a: A) price ceiling set above the equilibrium price. B) price floor set below the equilibrium price. C) binding price floor. D) binding price ceiling.

In Europe, the minimum wage has led to: A) lower unemployment, especially among young workers. B) a proliferation of large companies in Italy. C) widespread evasion of the minimum wage law in the black market for labor. D) European governments hiring the surplus of workers.