Critical Reasoning (CR) | Re: City budget advisor: If Thomaston wants to decrease its unemployment

City budget advisor: If Thomaston wants to decrease its unemployment rate, it should lower the minimum wage, so companies can hire more employees. Records from neighboring cities show that whenever the minimum wage is lowered, within three years the city's unemployment rate decreases by 1 to 2 percent.
Which of the following would it be most helpful to know in order to assess the city budget advisor's suggestion?

A. Have city budget advisors in other cities successfully lobbied to lower the minimum wage in order to decrease unemployment?

B. Does a significant percentage of Thomaston's resident population work full time in Thomaston?

C. In cities where the minimum wage remains stable, what is the percent change in unemployment rate over a typical three-year period?

D. What proportion of the workers that would be affected by a lowered minimum wage live in Thomaston?

E. Do companies ever lose money after lowering the minimumwage?

[textarea][color=#0000ff] Source - Ready4Gmat
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Statistics : Posted by ankit** • on 20 Mar 2020, 22:24 • Replies 6 • Views 2284

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