In a Competitive Labour Market, Effective Minimum Wage Legislation

question 21

Multiple Choice

In a competitive labour market, effective minimum wage legislation:

• A)increases market efficiency.
• B)redistributes income from consumers to minimum wage workers.
• C)redistributes income from firms to minimum wage employees.
• D)increases employment in minimum wage industries.

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Definitions:

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An expert who provides advice or guidance in specific areas, such as financial, educational, or technical matters.

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Behaviors or actions that interrupt normal business operations or disturb the workplace environment.

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