Economic Theory Supports the View That Increasing the Minimum Wage

question 48

Multiple Choice

Economic theory supports the view that increasing the minimum wage will

• A)increase the employment of teenagers.
• B)decrease the employment of teenagers.
• C)decrease the employment of unionized labor.
• D)increase the number of monopsony firms.

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Definitions:

Middle Element

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Accompanying Figure

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Key Comparisons

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