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Minimum wages create unemployment in markets where they create a Group of answer choices surplus of...

Minimum wages create unemployment in markets where they create a

Group of answer choices

surplus of labor. Unemployment of this type is called frictional.

shortage of labor. Unemployment of this type is called structural.

surplus of labor. Unemployment of this type is called structural.

shortage of labor. Unemployment of this type is called frictional.

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Answer : Option C is correct. As minimum wages create unemployment in market where as surplus of labour. This type of unemployment is called structural . As structural unemployment means change in the structure of the business in best possible manner.

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