A Minimum Wage Is Said to Be Binding If

question 78

Multiple Choice

A minimum wage is said to be binding if

• A) it is set above the market wage that would otherwise prevail.
• B) it is the lowest wage that allows a level of income above the poverty line.
• C) it is set below the market wage that would otherwise prevail.
• D) it has been set by collective bargaining.
• E) all workers who desire employment at that wage are in fact employed.

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