Minimum-wage laws and unions are similar to each other but different from efficiency wages in that minimum-wage law and unions
A)cause unemployment,but efficiency wages do not.
B)cause the quantity of labor supplied to exceed the quantity of labor demanded,but efficiency wages do not.
C)cause wages to be above the equilibrium level.
D)prevent firms from lowering wages in the presence of a surplus of workers.

Question

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The Answer of Minimum-wage laws and unions are similar to each other but different from efficiency wages in that minimum-wage law and unions
A)cause unemployment,but efficiency wages do not.
B)cause the quantity of labor supplied to exceed the quantity of labor demanded,but efficiency wages do not.
C)cause wages to be above the equilibrium level.
D)prevent firms from lowering wages in the presence of a surplus of workers.

Minimum-Wage Laws and Unions Are Similar to Each Other but Different