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effective minimum wage. What impact will this minimum wage have on each of the following?
(i) The wage rate and number of workers employed in Bazra
(ii) The number of workers in Bazra looking for work who cannot find employment
(c) Assume that the minimum wage remains in effect and there is an increase in the demand for goods produced
in Bazra. What happens to employment in Bazra? Explain why. END OF EXAMINATION Copyright © 2002 by College Entrance Examination Board. All rights reserved.
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This note was uploaded on 02/03/2014 for the course ECONOMIC 112 taught by Professor Van le during the Winter '12 term at American Internation College.
- Winter '12
- van le