Critics of raising the minimum wage argue that A. minimum-wage laws are too expensive for local governments to administer. B. labor demand is inelastic so firms can adjust production. C. minimum-wage laws are imprecise in their ability to help the working poor. D. effective minimum-wage laws create a shortage of labor.
Critics of raising the minimum wage argue that A. minimum-wage laws are too expensive for local governments to administer. B. labor demand is inelastic so firms can adjust production. C. minimum-wage laws are imprecise in their ability to help the working poor. D. effective minimum-wage laws create a shortage of labor.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Critics of raising the minimum wage argue that
A. minimum-wage laws are too expensive for local governments to administer.
B. labor
C. minimum-wage laws are imprecise in their ability to help the working poor.
D. effective minimum-wage laws create a shortage of labor.
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