Minimum-wage laws
A)reduce unemployment.
B)cause labor shortages,which further raise wages above equilibrium.
C)affect highly-educated workers more than high school dropouts.
D)None of the above is correct.

Question

Quizplus · Accepted Answer

Minimum-wage laws can lead to unemployment or labor surpluses, not shortages, and they typically affect low-skilled workers more than highly-educated workers.

Minimum-Wage Laws