if an american teenager will work for $5.00 an hour and an employer is willing to pay that wage, but the minimum wage is $7.25 an hour and the employer is not willing to pay that much, the teenager goes unemployed and the market experiences: resource misallocations. reductions in product quality. wasteful increases in quality. lost gains from trade.

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02-11-2022
Business

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if an american teenager will work for $5.00 an hour and an employer is willing to pay that wage, but the minimum wage is $7.25 an hour and the employer is not willing to pay that much, the teenager goes unemployed and the market experiences: resource misallocations. reductions in product quality. wasteful increases in quality. lost gains from trade.

Sagot :

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