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dupoyjohn134 dupoyjohn134
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5 years ago

Question 1.

An increase in the minimum wage will tend to cause which of the following to occur?

• a rightward shift in the supply of labor

• a reduction in the unemployment rate

• a leftward shift in the demand for labor

• an increase in the size of the surplus of labor

Question 2.

Since the minimum wage rate began it has typically stayed at about what percentage of the average manufacturing wage?

• 40-50%

• 10-20%

• 75-80%

• 20-30%
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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getdhgetdh
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dupoyjohn134 Author
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5 years ago
This calls for a celebration Person Raising Both Hands in Celebration
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