--%>

When is minimum wage legislation LEAST probable

Minimum wage legislation is LEAST probable to stimulate: (w) higher teenage unemployment. (x) raised racial discrimination. (y) surpluses of unskilled workers. (z) decreased wage incomes for unskilled workers who keep their jobs.

Hello guys I want your advice. Please recommend some views for above economics problems.

   Related Questions in Microeconomics

  • Q : Profit Maximization-total revenue-total

    The entire profit maximizing organization will hire more labor up to the point where: (i) Average physical product of labor equivalents the nominal wage. (ii) Last unit of labor adds uniformly to net revenue and net cost. (iii) Marginal product of the labor is at its

  • Q : Production possibilities analysis Refer

    Refer to the given diagram. As it associate to production possibilities analysis, the law of increasing opportunity cost is reflected in curve:1) A  2)  B  3) C  4) D

    Q : Problem on long run competitive

    The technology is such that LAC is minimized at firm’s output equivalent to 10 and minimum LAC is Rs. 15. Assume that the demand schedule for the product is given as shown:

    Q : Specific market price The difference

    The difference among maximum amount which consumers would willingly pay for a particular quantity of a good and the amount they really pay at a specific market price is termed as: (i) Discount rate. (ii) Mark-up factor. (iii) Familial gains. (iv) Hous

  • Q : Determining national income Suppose an

    Suppose an economy is in equilibrium condition. Its consumption function is C = 300 +0.8Y and investment is 700 find out its national income.

  • Q : Examples of Labor

    The contracts needing employment after some worker’s jobs have been made obsolete through automation are illustrations of: (i) Blacklisting. (ii) Labor-reducing protectionism. (iii) Check-off provisions. (iv) Yellow dog contracts. (v) Feather-bedding.

  • Q : Define autonomous investment Autonomous

    Autonomous investment: Investment that is made up without depending on the gain of the enterprise.

  • Q : Computing Present Value for a Perpetuity

    When all US Treasury bonds are perpetuities that annually pay the sum of one thousand and 00/100 dollars [$1000] per annum, always, to the holder of this bond starting one year from today, at an interest rate of 4 percent, the price of this bond is: (

  • Q : Price hike problem of durable good I

    I have a problem in economics on Price hike problem of durable goods. Please help me in the following question. The expectations of price hikes for durable goods tend to: (i) Raise current production, however only for later sale. (ii) Cause firms to r

  • Q : Market power and market inefficiency

    This is socially undesirable for a monopolist to produce where the price exceeds to marginal social cost [P > MSC] since: (w) resources are allocated inefficiently since too small is produced. (x) too many resources are used and production is exces