Which of the Following Is Not Consistent with a Minimum

question 30

Multiple Choice

Which of the following is not consistent with a minimum wage that is set above the equilibrium wage?

• A)A labor surplus will result.
• B)Some workers will end up with higher wages.
• C)Some workers will end up unemployed.
• D)There will be no unemployment.

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Definitions:

Moderately Religious

Characterizing an individual's religious belief and practice as being between highly religious and nonreligious, often implying a balanced approach.

Social Loafing

The phenomenon where individuals put forth less effort when working in a group than when working alone, due to perceived diffusion of responsibility.

Work Hard

The act of expending significant effort and dedication towards achieving goals or completing tasks.

Working With Others

Collaborating or co-operating with other people to achieve common goals or complete tasks.