返回列表 发帖

Econ Question from Qbank

Which of the following is least likely to be the result of a minimum wage?

A) There will be an abundance of low-skilled workers willing to work.

B) On-the-job training will be cut back.

C) Labor will be substituted for capital.


Your answer:--> B
Correct answer --> C

Explanation
Firms substitute capital for the “expensive” labor and use more than the economically efficient amount of capital.

*****************************
Can someone pls explain this....

返回列表