Author Question: The minimum wage can be thought of as a price floor. The great majority of labor economists believe ... (Read 53 times)

tth · **on:** Jun 30, 2018

The minimum wage can be thought of as a price floor. The great majority of labor economists believe that a minimum wage __________ unemployment among young and unskilled workers.
a. increases
b. decreases
c. eliminates
d. has no effect on
e. There is not enough information to answer the question.

Question 2

If official U.S. poverty statistics included in-kind transfer payments,
a. the poverty rate would be close to zero
b. the poverty rate would be lower
c. the government deficit would be lower
d. the inflation rate would be higher
e. the top 10 percent of those in the income distribution would be wealthier