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Economics (AS & A Level) · Oct / Nov 2025 · Paper 14 · Question 14

9708Addressing income and wealth inequality

When is a minimum wage most likely to help reduce the problem of income inequality?

  1. AHigher paid workers maintain pay differentials.
  2. BLabour mobility is low.
  3. CThe informal economy is small.
  4. DThe minimum wage leads to increased unemployment.

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Correct answer: C. The informal economy is small.

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