If a government were to fix a minimum wage for adult workers, economists would predict?
Awages in general would fall as employers tried to hold down costs
Bthe costs and prices of firms employing cheap labour would increase
Cthere would be more unemployment
Dfewer young workers would be employed
Correct answer
B. the costs and prices of firms employing cheap labour would increase
Explanation
The correct answer is the costs and prices of firms employing cheap labour would increase.