B reduceworker turnover c improveworker moral d

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Unformatted text preview: ket. Answer: B Diff: 1 Topic: Explaining the Existence of Unemployment Skill: Conceptual AACSB: Reflective Thinking 28) Minimum wage laws contribute to a higher unemployment rate by A) raising wages above the market clearing level in some labor markets. B) pushing wages below the market clearing level in some labor markets. C) raising wages above the market clearing level in all labor markets. D) pushing wages below the market clearing level in all labor markets. Answer: A Diff: 1 Topic: Explaining the Existence of Unemployment Skill: Conceptual AACSB: Reflective Thinking 29) The minimum wage law contributes to a A) lower B) unemployment rate among teenaged workers. lower C) unemployment rate among adult workers. higher D) unemployment rate among high skilled workers. higher unemployment rate among teenaged workers. Answer: D Diff: 1 Topic: Explaining the Existence of Unemployment Skill: Fact Refer to the information provided in Figure 14.4 below to answer the questions that follow. Figure 14.4 30) Refer to Figure 14.4. A minimum wage of $12 A) will lead to B) unemployment of 10. will lead to C) une...
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This note was uploaded on 06/02/2013 for the course ECON 130 taught by Professor Meshew during the Fall '13 term at Victoria Wellington.

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