Ask Question
3 March, 03:10

g"Which of the following statements is true about minimum wage laws? Select Answer A. Minimum wage laws are a successful tool to lift people out of poverty. B. Minimum wage laws encourage employers to hire unskilled labor. C. A minimum wage law set above the equilibrium wage will not affect the labor market. D. All of the above are true. E. None of the above are true."

+1
Answers (1)
  1. 3 March, 03:15
    0
    The correct the answer is A. Minimum wage laws are a successful tool to lift people out of poverty.

    Explanation:

    The minimum wage laws are established to ensure that the employees are not exploited and that they receive a fair amount of pay to ensure a proper standard of living. This however, does not encourage employers to hire unskilled labor and minimum wages affects the labor market.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “g"Which of the following statements is true about minimum wage laws? Select Answer A. Minimum wage laws are a successful tool to lift ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers