What effect does a minimum wage law tend to have?

1. A Option A: It creates more unemployment in low-skill job markets than in high-skill job markets
2. B Option B: It creates more unemployment in high-skill job markets than in low-skill job markets
3. C Option C: It helps all teenagers because they receive a higher wage than they would otherwise
4. D Option D: It has no impact on unemployment as long as it is set above the competitive equilibrium wage

Answer checked 11 October 2026 · How we write and check questions