Questions
Questions

Homework:ch6_homework

Single choice

Part 1Is an effective minimum wage​ fair? Part 1 A. The result of the minimum wage is fair because those who find jobs are the least well off. B. The result of the minimum wage is unfair because only those people who have jobs and keep them benefit from the minimum wage. C. The minimum wage imposes a fair rule because it is legislated by the government and passed into law by majority rule. D. The minimum wage is a fair rule because otherwise​ low-skill workers would earn a lower wage.

Options
A.A. The result of the minimum wage is fair because those who find jobs are the least well off.
B.B. The result of the minimum wage is unfair because only those people who have jobs and keep them benefit from the minimum wage.
C.C. The minimum wage imposes a fair rule because it is legislated by the government and passed into law by majority rule.
D.D. The minimum wage is a fair rule because otherwise ​ low-skill workers would earn a lower wage.
View Explanation

View Explanation

Verified Answer
Please login to view
Step-by-Step Analysis
The question asks us to evaluate statements about the fairness of the minimum wage as a policy. Option A: 'The result of the minimum wage is fair because those who find jobs are the least well off.' This reasoning is problematic because it assumes fairness based solely on the condition of being employed, without considering the potential distortions a minimum wage can create in job availability or hiring. It also confuses the status of workers (being employed) with the distributional impact, which is central to ......Login to view full explanation

Log in for full answers

We've collected over 50,000 authentic exam questions and detailed explanations from around the globe. Log in now and get instant access to the answers!

Similar Questions

More Practical Tools for Students Powered by AI Study Helper

Join us and instantly unlock extensive past papers & exclusive solutions to get a head start on your studies!