Question: Question 4 - Minimum wage ( Benjamin et al . , chapiter 7 review pb 1 ) The imposition of a minimum wage above the

Question

4 -

Minimum wage

(

Benjamin et al

.,

chapiter

7

review pb

1)

"The imposition of a minimum wage above the prevailing market wage will unambiguously reduce employment." True or False. Explain with graph. Discuss the concept of monopsony. Discuss some of the empirical evidence.

(

maximum

1

page

) .

Please make sure to do the graph

Question 4 - Minimum wage ( Benjamin et al . ,

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