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NEW QUESTION: 1
An increase in the minimum wage will benefit specific economic wage groups as outlined below:
I. Employees at the minimum wage rate who remain employed will benefit, since they will receive more
II. Many of the unskilled could lose their jobs. There would be fewer jobs for the currently unemployed
such as less educated and untrained personnel (e.g., teenagers) who will have more difficulty finding
work as firms reduce their labor force and pursue more efficiency.
A. Only I.
B. Neither I nor II.
C. Only II.
D. Both I and II.
Choice "a" is correct. Only I.
Choices "b", "c", and "d" are incorrect, since II is a disadvantage - not a benefit.