Bulgaria has the lowest minimum wage in the European Union (E.U.), but its level has doubled....

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Bulgaria has the lowest minimum wage in the European Union (E.U.), but its level has doubled. The minimum wage in Greece has fallen. Source: Euronews, February 10, 2017 Assume that in both countries, the minimum wage is above the equilibrium wage. 1. The increase in the minimum wage in Bulgaria decreases of labor employed in Bulgaria. 2. The decrease in the minimum wage in Greece increases of labor employed in Greece. 3. The increase in the minimum wage in Bulgaria decreases workers' surplus and the firms' surplus. It increases from job search and makes the market less increasing the deadweight loss. 4. The decrease in the minimum wage in Greece increases workers' surplus and the firms' surplus and it decreases loss from job search. Overall, it makes the market more decreasing the deadweight loss. the quantity the quantity the the potential loss efficient by the the potential efficient by Bulgaria has the lowest minimum wage in the European Union (E.U.), but its level has doubled. The minimum wage in Greece has fallen. Source: Euronews, February 10, 2017 Assume that in both countries, the minimum wage is above the equilibrium wage. 1. The increase in the minimum wage in Bulgaria decreases of labor employed in Bulgaria. 2. The decrease in the minimum wage in Greece increases of labor employed in Greece. 3. The increase in the minimum wage in Bulgaria decreases workers' surplus and the firms' surplus. It increases from job search and makes the market less increasing the deadweight loss. 4. The decrease in the minimum wage in Greece increases workers' surplus and the firms' surplus and it decreases loss from job search. Overall, it makes the market more decreasing the deadweight loss. the quantity the quantity the the potential loss efficient by the the potential efficient by

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1 The increase in the minimum wage in Bulgaria will mainly affect labor employed in Bulgaria It will ... View the full answer