Asked by
Stephan Spano
on Oct 26, 2024Verified
In Europe,the minimum wage has led to:
A) lower unemployment,especially among young workers.
B) a proliferation of large companies in Italy.
C) widespread evasion of the minimum wage law in the black market for labor.
D) European governments hiring the surplus of workers.
Minimum Wage
The lowest legal hourly pay that workers can be paid by employers, set by government legislation.
Unemployment
The situation in which individuals who are capable of working and willing to work cannot find employment.
Black Market
An illegal traffic or trade in officially controlled or scarce commodities, bypassing governmental regulation or taxation.
- Assess the impact of minimum wage legislation on job market and economic behavior.
Verified Answer
XC
Learning Objectives
- Assess the impact of minimum wage legislation on job market and economic behavior.
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