Unions might support a higher minimum wage because a

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130. Unions might support a higher minimum wage because: A. their constitutions obligate them to do so. B. they feel a higher minimum wage will lower labor's tax payments for welfare programs. C. a higher minimum wage makes less-skilled workers less substitutable for union workers. D. the minimum wage is better targeted than are alternative income-maintenance programs. AACSB: Reflective Thinking Skills Blooms: Understanding Learning Objective: 13-4 McConnell - Chapter 13 #130 Topic: Minimum wage 131. Critics of the minimum wage argue that as an antipoverty device it is "poorly targeted." By this they mean that: AACSB: Reflective Thinking Skills Blooms: Knowledge Learning Objective: 13-4 McConnell - Chapter 13 #131 Topic: Minimum wage 132. If the minimum wage is set too high, in some labor markets we can expect to see: AACSB: Reflective Thinking Skills Blooms: Analysis Learning Objective: 13-4 McConnell - Chapter 13 #132 Topic: Minimum wage 133. Increases in the Federal minimum wage during the 1990s: AACSB: Reflective Thinking Skills Blooms: Knowledge Learning Objective: 13-4 McConnell - Chapter 13 #133 Topic: Minimum wage 134. According to some supporters of the minimum wage, it has very small or even nonexistent negative employment effects because: A. the demand for minimum wage labor is highly elastic. B . it reduces turnover among minimum wage workers, prompts employers to use them more efficiently, and thus raises their average productivity. C. it encourages teenagers to stay in school. D. employers substitute lower fringe benefits for higher pay, keeping their compensation costs the same. AACSB: Reflective Thinking Skills Blooms: Knowledge Learning Objective: 13-4 McConnell - Chapter 13 #134 Topic: Minimum wage
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