How Are Binding Minimum-Wage Laws Best Characterized

question 120

Multiple Choice

How are binding minimum-wage laws best characterized

• A)They are most effective at alleviating poverty when labour demand is highly elastic.
• B)They force a market imbalance between the supply and demand for labour.
• C)They increase the efficiency of labour markets.
• D)They are typically associated with a rise in employment among the poor.

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