Question

A minimum wage set above the equilibrium wage rate​ _______. A. creates more employment opportunities for​ low-skilled workers B. creates unemployment C. creates more prosperity among younger people D. increases the number of good paying jobs available to young people

Answer 1

A. creates more employment opportunities for​ low-skilled workers

Step-by-step explanation:

• A minimum wage is the lowest of the remuneration that any employees are legally paid to the work.and not to sell their labor. It also suggests there may be employment and minimum loses form this however if the labor is in the state of monopoly the minimum wages can also increase the efficiency of the market.

• Its effects are on prices and profits, skills of workers through the job training and also increased job growth and also the creation, Results in the jobs moving to the other areas or the countries which allow the lower-cost labor.