Name two ways real minimum-wage earners are different from people’s stereotype of minimum- wage earners.

An effective minimum wage imposes a price ceiling on the wages of various categories of low-skill workers. increases the demand for low-skill workers. makes it easier for low skill workers to find jobs. O increases the earnings of some low-skill workers while reducing the employment and training opportunities available to others.

Refer to the following graph of the demand for and supply of armed forces personnel. Da Wage B A E CS с F D 0 HG The height of the supply curve (5) measures the cost to taxpayers of drafting a worker. the value to the military of drafting a worker. the difference between the cost to the taxpayer and the cost to the military of drafting a worker. the opportunity cost of a potential draftee Labor

Do minimum wage laws help or hurt the economy?