Which group below will generally have a more difficult time finding employment if a nation's minimum wage were increased?
A) Those with more work experience
B) Those who are among the younger job seekers
C) Those who form the majority race in the population
D) All of the above.
B
You might also like to view...
Should autonomous consumption fall by one dollar, the effect of this on equilibrium income can be offset if government expenditure
A) falls by one dollar. B) rises by one dollar. C) falls by 1/(1 - c) dollars. D) rises by 1/(1 - c) dollars. E) rises by c/(1 - c) dollars.
If an excise tax is placed on a product that has a perfectly inelastic demand, then:
A. the entire tax will be paid by the consumer. B. the entire tax will be paid by the producer. C. the consumer and producer will each pay a share of the tax. D. the incidence of the tax cannot be determined unless we know the coefficient of price elasticity of supply.
The most likely reason politicians don't appear to economists to look at policy issues in a cost/benefit framework is that:
A. politicians are focusing on the long-run effects of policies rather than the short-run effects. B. politicians don't make rational decisions. C. politicians are not economists. D. the marginal costs and marginal benefits facing the politician are not necessarily the ones facing society.
In 2014, the Social Security Trust Fund held approximately
A. more than enough to deal with all future liabilities. B. $3 trillion in government bonds, and when combined with expected future taxes, that will be enough to deal with future liabilities. C. enough to deal with all future liabilities. D. $3 trillion in government bonds, and when combined with expected future taxes, that will still not be enough to deal with future liabilities.