Millionaire Mode

Law and Economics of Labor

Question 1 of 15

Which of the following is a primary goal of minimum wage laws?

  1. To increase the supply of labor.
  2. To decrease the demand for labor.
  3. To raise the wages of low-skilled workers.
  4. To reduce unemployment.

Prize Money

15₹7 Crores
14₹1 Crore
13₹50,00,000
12₹25,00,000
11₹12,50,000
10₹6,40,000
9₹3,20,000
8₹1,60,000
7₹80,000
6₹40,000
5₹20,000
4₹10,000
3₹5,000
2₹2,000
1₹1,000