In a Competitive Labor Market, a Minimum Wage Will

question 79

Multiple Choice

In a competitive labor market, a minimum wage will:

• A) establish a price ceiling and lead to unemployment.
• B) help all workers.
• C) reduce employment.
• D) be impossible to enforce.

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Definitions:

Depth Perception

The ability to perceive the visual world in three dimensions and to judge the distance of objects.

Clairvoyance

The supposed ability to gain information about an object, person, location, or physical event through means other than the known human senses.

Precognition

The alleged psychic ability to see or know about events before they happen.

Telepathy

The claimed ability to communicate thoughts or information from one mind to another without using known sensory channels.