A minimum wage is ______. A. Efficient if the wage paid rises and more people look for

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A minimum wage is ______.
A. Efficient if the wage paid rises and more people look for jobs
B. Inefficient if workers’ surplus decreases and firms’ surplus increases
C. Inefficient if job search increases and total surplus decreases
D. Efficient if workers’ surplus increases and firms’ surplus decreases

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Foundations Of Economics

ISBN: 9780135897478

9th Edition

Authors: Robin Bade, Michael Parkin

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