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Other Fields Homework Help Economics Topic started by: Sublight2097 on Jun 20, 2015



Title: A substantial increase in the legal minimum wage will tend to
Post by: Sublight2097 on Jun 20, 2015
A substantial increase in the legal minimum wage will tend to
A) expand employment by increasing purchasing power and hence the demand for output.
B) improve the position of the least skilled persons in the labor force.
C) reduce employment by raising the cost of hiring some employees above their expected worth to potential employers.
D) reduce the wages of highly skilled and highly paid employees.


Title: Re: A substantial increase in the legal minimum wage will tend to
Post by: Smoooth on Aug 13, 2015
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Title: Re: A substantial increase in the legal minimum wage will tend to
Post by: Sublight2097 on Aug 31, 2015
My mind was going in all different directions trying to figure this one out. Thanks so much.


Title: Re: A substantial increase in the legal minimum wage will tend to
Post by: Smoooth on Aug 31, 2015
No problemo :-]