Which of the following is not true of minimum wages?

A. They have little effect on highly skilled workers.
B. They raise incomes of unskilled laborers who have jobs.
C. They prevent some willing workers from getting jobs.
D. They decrease wages for unskilled workers.


Answer: D

Economics

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a. True b. False Indicate whether the statement is true or false

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Calculate GDP for a country with investment of $2 trillion, government purchases of $3 trillion, capital depreciation of $1.5 trillion, consumption of $10 trillion, exports of $3.4 trillion, and imports of $3.9 trillion

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Economics