Author Question: A doubling of the current minimum legal wage is likely to confer the most benefit and impose the ... (Read 78 times)

captainjonesify · **on:** Jun 29, 2018

A doubling of the current minimum legal wage is likely to confer the most benefit and impose the least harm on members of which group listed below?

A) Employers who own small businesses
B) Highly skilled workers
C) Shareholders of large corporations
D) Teenagers
E) Unskilled workers

Question 2

In the production possibilities frontier depicted in the figure above, which of the following combinations of hats and bananas is inefficient?

A) 4 million pounds of bananas and 4 million hats
B) 2 million pounds of bananas and 5 million hats
C) 0 pounds of bananas and 6 million hats
D) 1 million pounds of bananas and 3 million hats