Which of the following is a positive question? Wouldn't it be better to try to increase people's wages through job-training programs rather than by requiring employers to pay minimum wages? Wouldn't it be more equitable if the minimum wage increased automatically with the cost of living? Should the minimum wage be set at one-half the average manufacturing wage to guarantee individuals a decent standard of living? Will the level of teenage unemployment increase if the minimum wage is increased?

Which of the following is a positive question? Wouldn't it be better to try to increase people's wages through job-training programs rather than by requiring employers to pay minimum wages? Wouldn't it be more equitable if the minimum wage increased automatically with the cost of living? Should the minimum wage be set at one-half the average manufacturing wage to guarantee individuals a decent standard of living? Will the level of teenage unemployment increase if the minimum wage is increased?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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