Register
A minimum wage above $10 per hour would prevent the labor market from reaching equilibrium.a. True b. False
130k views
5 votes
A minimum wage above $10 per hour would prevent the labor market from reaching equilibrium.a. True b. False

User DsRaj
by
7.7k points

1 Answer

4 votes

Answer:

a. True

Step-by-step explanation:

A minimum wage above $10 per hour is the binding minimum wage in the labour market so this would prevent the labor market from reaching equilibrium.

User Zveratko
by
8.1k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

Other Questions

Who was Adam Smith ? Anybody?
What can turn igneous rock into sediment?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
What is meant by data mining ?
The government has decided that the free market price of cheese is too low. Farmers complain that the price floor has reduced their total revenue.Is this possible? Explain
Link Copied!