The Global Economy Unit Test
5 of 215 of 21 Items
Question
Which of the following describes an argument against raising the federal minimum wage?(1 point)
Responses
it would give laborers greater purchasing power to afford living expenses
it would give laborers greater purchasing power to afford living expenses
it will discourage education since special skills would not be required to earn good pay
it will discourage education since special skills would not be required to earn good pay
it will decrease corporate taxes by reducing profits
it will decrease corporate taxes by reducing profits
it will increase the operating expenses of employers which will lead to an increase in prices and/or layoffs to offset higher expenses