15 The diagram shows the percentages of those on low pay and those on extremely low pay in a country from 1976 to 2012. A national minimum wage was introduced in 1999. 25 20- 15- 10- 5- low paid extremely low paid introduction of minimum wage 0- 1976, 1980 1984 1988 1992 1996 2000 2004 2008 2012 year Which conclusion is consistent with the diagram? A The minimum wage helped the low paid more than the extremely low paid. B The minimum wage reduced the numbers of both low paid and extremely low paid. C The minimum wage reversed the trend in low pay of the previous 20 years. D The minimum wage was responsible for the largest reduction of low pay in the period.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
icon
Related questions
Question

Typed plzzz And Asap

Thanks

 

15 The diagram shows the percentages of those on low pay and those on extremely low pay
in a country from 1976 to 2012. A national minimum wage was introduced in 1999.
25
20-
15-
10-
5-
low paid
extremely low paid
introduction of
minimum wage
0+
1976 1980 1984 1988 1992 1996 2000 2004 2008 2012
year
Which conclusion is consistent with the diagram?
A The minimum wage helped the low paid more than the extremely low paid.
B The minimum wage reduced the numbers of both low paid and extremely
low paid.
C The minimum wage reversed the trend in low pay of the previous 20 years.
D The minimum wage was responsible for the largest reduction of low pay in
the period.
Transcribed Image Text:15 The diagram shows the percentages of those on low pay and those on extremely low pay in a country from 1976 to 2012. A national minimum wage was introduced in 1999. 25 20- 15- 10- 5- low paid extremely low paid introduction of minimum wage 0+ 1976 1980 1984 1988 1992 1996 2000 2004 2008 2012 year Which conclusion is consistent with the diagram? A The minimum wage helped the low paid more than the extremely low paid. B The minimum wage reduced the numbers of both low paid and extremely low paid. C The minimum wage reversed the trend in low pay of the previous 20 years. D The minimum wage was responsible for the largest reduction of low pay in the period.
Expert Solution
steps

Step by step

Solved in 4 steps

Blurred answer
Knowledge Booster
Marginal Revenue Product
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:
9780190931919
Author:
NEWNAN
Publisher:
Oxford University Press
Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education