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Author Question: A legislated minimum wage is said to be binding when (Read 69 times)

M1ch3a

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on: Oct 12, 2022

Question 1

During recessions, individual investment in higher education typically ________ due to the relatively ________ opportunity cost of time spent in university.
◦ falls; high
◦ falls; low
◦ stays constant; constant
◦ rises; low
◦ rises; high

Question 2

A legislated minimum wage is said to be binding when
◦ an industry is poorly organized and composed largely of unskilled labour.
◦ it is below an industry's free-market equilibrium wage.
◦ the wage rate is set above the free-market equilibrium level.
◦ it is enforced by legal authorities.
◦ it decreases the turnover rate among employees.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by M1ch3a on Oct 12, 2022

xinyiff

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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M1ch3a

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

mcarey591

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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