Which One of the Following Statements Is False

question 48

Multiple Choice

Which one of the following statements is false?

• A)An effective minimum wage sets the wage rate above the equilibrium wage rate.
• B)An effective rent ceiling sets the rent below the equilibrium rent.
• C)An effective rent ceiling leads to a housing shortage.
• D)An effective minimum wage is inefficient.
• E)A minimum wage is a price ceiling in the labour market.

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Definitions:

Career Development

Refers to the progression of an individual's work experiences over time, including education, training, and job positions held.

Realistic Job Previews

Giving potential employees a truthful representation of what a job entails, both the positives and negatives, before they decide to accept a job offer.

Trustworthy

Describes someone or something that is reliable, dependable, and can be trusted to act honestly or truthfully.

Honest

Characterized by truthfulness, integrity, and sincerity, ensuring openness and fairness in interactions with others.