Introduction to Economics 1 Deneme Sınavı Sorusu #721854

What is the purpose of minimum wage laws?


 to create a fair wage floor to protect workers

to decrease the number of unslilled workers

to decrease the rate of unemployment

to employ more teens in the labour market

to give skilled workers less wage   


Yanıt Açıklaması:

As a social policy, the minimum wage laws are imposed to create a fair minimum wage floor to protect workers in the job market. While the intention of the policymakers is to protect the workers, the imposition of minimum wage laws creates unemployment for especially unskilled labors. The correct anwer is A.

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