QUESTION 8 Most government policy decisions have winners and losers. What are the effects of raising the minimum wage? It is more complex than simply producers lose and workers gain. Who are the winners and who are the losers? (May be more than one answer). People who keep their job are winners People who can now go on welfare are winners Consumers are losers because many goods and services will cost more Marginal workers are losers if their job is a risk Businesses are winners because they will always have better workers

QUESTION 8 Most government policy decisions have winners and losers. What are the effects of raising the minimum wage? It is more complex than simply producers lose and workers gain. Who are the winners and who are the losers? (May be more than one answer). People who keep their job are winners People who can now go on welfare are winners Consumers are losers because many goods and services will cost more Marginal workers are losers if their job is a risk Businesses are winners because they will always have better workers

Microeconomics A Contemporary Intro

10th Edition

ISBN:9781285635101

Author:MCEACHERN

Publisher:MCEACHERN

Chapter11: Resource Markets

Section: Chapter Questions

Problem 13PAE

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What Republicans party think about Minimum wage?
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