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    Principles of Economics Study Set 1
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    Exam 13: Labor Markets, Poverty, and Income Distribution
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    Imposing a Minimum Wage Above the Equilibrium Wage
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Imposing a Minimum Wage Above the Equilibrium Wage

Question 74

Question 74

Multiple Choice

Imposing a minimum wage above the equilibrium wage:


A) makes all workers better off.
B) lowers labor costs.
C) increases the size of the total wage bill.
D) makes some workers worse off.

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