The market equilibrium wage rate is $$\(\$ 10\)$$ per hour. What explains why the wage rate actually paid is $$\(\$ 12\)$$ per hour?
A.
Employers are competing for labour.
B.
The government sets a minimum wage of \(\$ 12\) per hour.
C.
There is a surplus of skilled labour.
D.
Workers have received unpaid training.
Exam No：0455_w21_qp_13 Year：2021 Question No：11
Answer:
B
Knowledge points:
3.3.2 wage determination (The influences of demand and supply, relative bargaining power and government policy, including minimum wage.)
Solution:
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