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melinoma86 melinoma86
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5 years ago

Question 1.

Nearly one in four Hispanic persons live in poverty.



▸ true

▸ false

Question 2.

In 2015, President Obama proposed increasing the minimum wage from $7.25/hr to $10.10/hr. According to theory, what would likely be the result of such an increase?



▸ Some workers would leave the labor market.

▸ Firms would hire more workers.

▸ All workers prior to the wage increase would now earn at least $10.10 per hour.

▸ Unemployment would increase as firms lay off workers.
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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Cele_1015Cele_1015
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5 years ago
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melinoma86 Author
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#2
5 years ago
Smart ... Thanks!
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