Economists Argue That the Minimum Wage May Result In

question 103

Multiple Choice

Economists argue that the minimum wage may result in:

• A) more bargaining power for unskilled workers.
• B) zero impact if the minimum wage is above the market-clearing price.
• C) a shortage of workers.
• D) a more equal income distribution and is worth the loss of some jobs.

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Definitions:

Per Capita Income

A measure of the average income earned per person in a certain area in a specified year.

Economic Forces

Fundamental market pressures that influence the supply, demand, and pricing of goods and services within an economy.

Multinational Companies

Are corporations that operate in multiple countries aside from their home country, managing production or services across international borders.