An Increase in the Minimum Wage Would Likely Increase Unemployment

question 53

Multiple Choice

An increase in the minimum wage would likely increase unemployment among which group of workers?

• A) college graduates
• B) unskilled workers
• C) female workers
• D) older workers

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Definitions:

C$ Weakens

A situation in which the Canadian dollar decreases in value relative to other currencies.

US$ Per C$

The exchange rate that defines how much one Canadian dollar (C$) is worth in United States dollars (US$).

C$0.0033

A specific monetary value in Canadian dollars, equivalent to 0.33 cents.

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The official currency of the Eurozone, used by 19 of the 27 European Union countries.