The Higher the Minimum Wage Is Above the Equilibrium Wage

question 307

Multiple Choice

The higher the minimum wage is above the equilibrium wage, the:

• A) greater is the number of low-skilled unemployed workers.
• B) smaller is the labor surplus among teenagers.
• C) smaller is the number of low-skilled unemployed workers.
• D) more likely it is for students to stay in high school and receive their diploma.

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Definitions:

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