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.

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Definitions:

Corruption of Foreign Public Officials Act

Legislation enacted to prohibit individuals and businesses from bribing foreign government officials to obtain or retain business advantages.

Canadian Firms

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