25. In the early 1990s a teen subminimum training wage law was passed by which employers were allowed to pay teenagers less than the minimum wage. ( LO17-5 )

a. What effect would you predict this law would have, based on standard economic theory?

b. In analyzing the effects of the law, Professors Card and Kreuger of Princeton University found that few businesses used it and that it had little effect. Why might that have been the case?