4273EconomicsMedium
A minimum wage law tends to?
AHelp all teenagers because they receive a higher wage than they would otherwise
BCreate more Unemployment is high-skill job markets than in low-skill job markets
CCreate more unemployment in low-skill job markets than in high-skill job markets
Dhave no impact on unemployment as long as it is set above the competitive equilibrium wage
Correct answer
C. Create more unemployment in low-skill job markets than in high-skill job markets
Explanation
The correct answer is Create more unemployment in low-skill job markets than in high-skill job markets.