Comparison of the minimum wage and the median wage can be used to estimate the extent to which unemployment results from minimum wage laws. All else equal, which scenario would result in the most unemployment?
A country where the minimum wage is set at 60% of the median wage.
0 A country where the minimum wage is set at 10% of the median wage.
0 A country where the minimum wage is set at 1% of the median wage.
A country where the minimum wage is set at 95% of the median wage.
Answers: 3
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Comparison of the minimum wage and the median wage can be used to estimate the extent to which unemp...
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