Economics (AS & A Level) · Oct / Nov 2022 · Paper 33 · Question 17
9708Labour market forces and government intervention
What would be the most likely effect of the imposition of a national maximum wage below the market equilibrium on the labour market for famous television celebrities?
- Aa reduction in the number of jobs for television celebrities
- Ban increase in other methods of rewarding television celebrities
- Cgreater movement of celebrities between television channels
- Dincreased employment of foreign television celebrities
As printed in the paper
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Correct answer: B. an increase in other methods of rewarding television celebrities
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