Author Question: If the minimum wage is set above the market wage A) unemployment will rise. B) the quantity of ... (Read 95 times)

cagreen833 · **on:** Jun 29, 2018

If the minimum wage is set above the market wage

A) unemployment will rise.
B) the quantity of labor supplied will be below the quantity of labor demanded.
C) highly-skilled workers will have a harder time finding jobs.
D) All of the above are correct.

Question 2

If GDP calculations included measurements of pollution and environmental damage, GDP values would most likely be

A) unchanged from their values without these measurements.
B) meaningless, since GDP values without these measurements would no longer be of value.
C) greater than their values without these measurements.
D) less than their values without these measurements.