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Choose the statement that is correct . A. The minimum wage results in decreased job search. B. The marginal social benefit from labor to workers
Choose the statement that is correct.
A. The minimum wage results in decreased job search.
B. The marginal social benefit from labor to workers is leisure forgone.
C. An unregulated labor market cannot allocate the economy's scarce labor resources to the jobs in which they are valued most highly.
D. In a labor market with an effective minimum wage, the marginal social benefit of labor is greater than its marginal social cost.
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