Q
A minimum wage law tends to ?
-
A
A. Help all teenagers because they receive a higher wage than they would otherwise
-
B
B. Have no impact on unemployment as long as it is set above the competitive equilibrium wage
-
C
C. Create more unemployment is high-skill job markets than in low-skill job markets
-
D
D. Create more unemployment in low-skill job markets than in high-skill job markets
Correct Answer:
D. D. Create more unemployment in low-skill job markets than in high-skill job markets
