Which of the following are potential problems with using the minimum wage as a poverty-fighting tool? Choose one or more: A. Fewer low-income workers will be employed. B. There will be a shortage of workers in low-wage jobs. C. Lower-income workers will earn more. D. Employers might shift to more capital-intensive production because labor is relatively more expensive. E. There will be more lower-skilled workers entering the labor force looking for work and more jobs for them.

Which of the following are potential problems with using the minimum wage as a poverty-fighting tool? Choose one or more: A. Fewer low-income workers will be employed. B. There will be a shortage of workers in low-wage jobs. C. Lower-income workers will earn more. D. Employers might shift to more capital-intensive production because labor is relatively more expensive. E. There will be more lower-skilled workers entering the labor force looking for work and more jobs for them.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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