When Interferences in the Labor Market Raise the Wage Above

question 153

True/False

When interferences in the labor market raise the wage above the equilibrium level,employers may discriminate because there are more job applicants than jobs.

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Definitions:

Stepchild

A child of one’s spouse by a previous partner, who one does not biologically parent but may fulfill a parental role for.

Adult Children

Adults who are the offspring of their parents, often considered in the context of their relationship with their parents or their roles within a family.

Financial Assistance

Monetary support provided by governmental or private institutions to individuals or families in need, aimed at helping them manage their financial obligations or improve their living conditions.

Stepparents

Adults who become parents to their spouse's or partner's child from a previous relationship, without being the biological parents of the child.