Which of the Following Is Not a Consequence of Minimum

question 57

Multiple Choice

Which of the following is not a consequence of minimum wage laws?

• A)Low skilled workers are hurt because minimum wage reduces the number of jobs providing low skilled workers with training.
• B)Employers will be reluctant to offer low-skill workers jobs with training.
• C)Producers have an incentive to offer workers non-wage benefits such as extra health and dental care benefits and convenient working hours rather than a higher wage.
• D)Some workers benefit when the minimum wage is increased.

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Definitions:

Credit

A bookkeeping record that raises either liabilities or equity or lowers an asset or expense.

Abbreviated

Refers to shortened or condensed forms of words, terms, or documents, often used to save space or time.

Revenue Accounts

Accounts used to record the income generated from a company's primary operations.

Credit Balance

A situation where the amount of credits in an account exceeds the debits, signifying an amount owed to the account holder.