Minimum Wage Laws Often Block Transactions Between Employers and Workers

question 23

Multiple Choice

Minimum wage laws often block transactions between employers and workers that would otherwise occur at wage rates below the minimum.As a result,minimum wage laws tend to

• A) improve equity at the expense of efficiency.
• B) improve efficiency at the expense of equity.
• C) improve both equity and efficiency.
• D) reduce both equity and efficiency.

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Definitions:

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