Author Question: Total employment tends to decrease in response to any increase in the legal minimum wage because ... (Read 80 times)

clippers! · **on:** Jun 29, 2018

Total employment tends to decrease in response to any increase in the legal minimum wage because

A) employers can usually find substitutes for unskilled workers.
B) higher wages mean fewer family members will be forced to take jobs.
C) wages must be paid out of profits and profits are limited.
D) workers are often willing to trade jobs for income.

Question 2

Refer to the scenario above. If Ron has the right to listen to music at night, how much does his neighbor need to pay him to stop playing music?

A) Any amount above 5,000
B) Any amount below 3,000
C) Any amount between 3,000 and 5,000
D) Any amount between 5,000 and 8,000