Multiple Choice
Minimum-wage laws
A) create unemployment.
B) do not apply in states with right-to-work laws.
C) affect highly-educated workers more than high school dropouts.
D) cause labor shortages,which further raise wages above equilibrium.
Correct Answer:
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Q1: Figure 28-3 Q4: If the minimum wage were currently above Q5: An increase in the minimum wage Q6: Minimum-wage laws can keep wages Q7: If the minimum wage is currently above Q8: Figure 28-3 Q9: When a minimum-wage law forces the wage 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
A)increases both
A)above equilibrium and