Minimum Wage Laws problem, Can someone please help me in finding out the accurate answer

Minimum Wage Laws problem

Can someone please help me in finding out the accurate answer from the following question. The group least likely to be helped by the minimum wage law is: (1) African-American teenagers. (2) Experienced construction workers. (3) Skilled industrial workers. (4) Members of the unions.

View Complete Question

Related Questions in Microeconomics

Q : Define Size Anomaly Size Anomaly : The

Size Anomaly: The size effect terms to the negative relation among security returns and the market value of the common equity of a firm. The coefficient on size has extra explanatory power than the coefficient on beta in explaining the cross section o

Q : Negatively sloped demand curve for

The idea which harsher and more certain punishment decreases cheating on examinations recommends that: (i) Normative values must guide the positive economics. (ii) Student honesty has refused in recent years. (iii) Macroeconomic reasoning as well applies to microecono

Q : Purely-competitive market demand For

For the purely-competitive cranberry market, as in below figure there Curve H is: (i) industry’s long-run supply curve. (ii) firm’s demand curve in the short run. (iii) industry’s marginal cost curve. (iv) firm’s long run margi

Q : Price of Bond by Perpetuity When all

When all bonds are perpetuities which annually pay $100, at an interest rate of 2%, in that case the price of these bonds would be: (1) $9800. (2) $5000. (3) $980. (4) $800. (5) $1,020. How can I s

Q : Positively sloped resource supply curves

When the resource supply curves of facing a competitive industry are positively sloped, in that case the exit of firms which have incurred losses will result within: (w) higher prices and lower output by each firm, and higher average production costs.

Q : Declines in the international price

Declines within the international price of oil would be probably to cause the: (w) wages of bicycle factory workers to raise. (x) demand for automobiles to decrease. (y) incomes of geologists and petroleum engineers to fall. (z) price of home insulati

Q : Relationship between Total Revenue and

What is the relationship among Total Revenue (TR) and Marginal Revenue (MR)? Answer: A) If MR is positive, TR rises although at

Q : Difference between planned and actual

Differentiate between planned and actual saving and investment. Answer: There is a big difference between (a) planned S and I and (b) Actual saving and investment.<

Q : Determinants of genuine Demand The

The demand for authentic leather footballs would tend to rise if: (1) Prices for football pads and cleats reduced. (2) Cheap footballs recently molded from the synthetic fibers demonstrated enhanced durability and performance. (3) Latest records were set for injuries

Q : Minimum average costs Prohibition

Prohibition Corporation could attain minimum average costs for its St. Valentine’s Day software when this produced: (1) 4 million copies. (2) 6 million copies. (3) 8 million copies. (4) 10 million copies. (5) 12 million copies.

Discover Q & A

Leading Solution Library

Avail More Than 1444461 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1936281
Asked

3,689

Active Tutors

1444461

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment