According to Some Supporters of the Minimum Wage, It Has

question 3

Multiple Choice

According to some supporters of the minimum wage, it has very small or even nonexistent negative employment effects because

• A) the demand for minimum-wage labor is highly elastic.
• B) it reduces turnover among minimum-wage workers, prompts employers to use them more efficiently, and thus raises their average productivity.
• C) it encourages teenagers to stay in school.
• D) employers substitute lower fringe benefits for higher pay, keeping their compensation costs the same.

---

Definitions:

Planning Budget

A financial plan that estimates future income, expenditures, and resources over a specific period, often used for setting performance benchmarks.

Revenue Formulas

Equations or calculations used to determine the amount of money a company generates from its business activities, typically through sales.

Patient-visits

A term used in healthcare to describe the instances in which a patient visits a healthcare provider or facility for services or consultation.

Planning Budget

A financial plan that estimates the income and expenditures for a future period, often used as a guide for financial decision making.