All of the Following Are Arguments Against Minimum Wage Laws

question 27

Multiple Choice

All of the following are arguments against minimum wage laws except

• A)minimum wage laws do not reduce poverty but reduces social welfare instead.
• B)minimum wage laws contributes to contributes to federal costs of transfer programs.
• C)minimum wage laws tend to discourage firms from investing in training.
• D)minimum wages tend to provide incentives to businesses to invest in capital substitutes.

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Definitions:

Cover the Sale

A financial term referring to a transaction in which an investor purchases securities to close or cover a previously established short position.

Perishable Goods

Items that deteriorate quickly if not stored under proper conditions, such as fresh food or flowers.

Tomatoes

Edible, often red, fruit of the plant Solanum lycopersicum, commonly used in cooking.

Sales Puffery

Exaggerated or promotional statements made by sellers that are not meant to be taken literally and do not constitute legally binding promises.