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Sublight2097 Sublight2097
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8 years ago
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.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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SmooothSmoooth
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#1
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8 years ago
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Sublight2097 Author
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#2
8 years ago
My mind was going in all different directions trying to figure this one out. Thanks so much.
wrote...
#3
8 years ago
No problemo Happy Dummy
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