Puerto Rico's Minimum Wage Increased Dramatically as Result of the 1938

Puerto Rico's minimum wage increased dramatically as result of the 1938 Fair Labor Standards Act. This legislation:

A) caused many Puerto Rican firms to go bankrupt, sending unemployment soaring.
B) is a case in point that minimum wage increases have different effects in non-capitalist countries.
C) provided a counterexample to the claim that minimum wage increases cause unemployment.
D) had little effect on Puerto Rican labor markets because the minimum wage increase was quite modest.

Correct Answer:

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