All of the Following Are Arguments for Minimum Wage Laws

question 3

Multiple Choice

All of the following are arguments for minimum wage laws except

• A)they help the poor by increasing their incomes.
• B)the increase in income does not come at the expense of taxpayers.
• C)they provide better work incentives.
• D)they create a surplus in the labor market.

---

Definitions:

Total Union Membership

The sum of all individuals who are members of labor unions, representing workers in negotiations with employers regarding wages, working conditions, and other employment-related matters.

Economy

The large set of inter-related production, consumption, and exchange activities that aid in determining how scarce resources are allocated.

Collective Bargaining

The negotiation of labor contracts between labor unions and firms or government entities.

Union Workers

Employees who are members of a labor union, which represents their interests in negotiations with employers.