Unions support minimum wage laws, because A) union workers are ...

[fagboi]

Unions support minimum wage laws, because
 
  A) union workers are typically paid the minimum wage.
  B) an increase in the minimum wage paid to low-skilled labor increases the opportunity cost of employing high-skilled union labor and, hence, increases the demand for union labor.
  C) an increase in the minimum wage paid to low-skilled labor increases the opportunity cost of employing low-skilled labor and, hence, increases the demand for union labor.
  D) an increase in the minimum wage paid to low-skilled labor causes the supply curve of low-skilled labor to shift leftward and, hence, increases the demand for union labor.

Question 2

When Patty uses money to buy her lunch, she is showing the use of money as a store of value.
 
  Indicate whether the statement is true or false

[covalentbond]

Answer to Question 1

C

Answer to Question 2

FALSE

[fagboi]

TYSM

[bimper21]

Excellent