Which of the Following Statements About the Minimum Wage Is

question 354

Multiple Choice

Which of the following statements about the minimum wage is correct?

• A)An increase in the minimum wage enhances the well-being of all unskilled workers.
• B)An increase in the minimum wage has no effect on the well-being of middle-class families.
• C)Advocates of the minimum wage argue that the demand for labor is relatively inelastic.
• D)Critics of the minimum wage argue that it is an undesirable way of helping the poor because it is costly to the government.

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