All of the Following Are Arguments Against Minimum Wage Laws

question 27

Multiple Choice

All of the following are arguments against minimum wage laws except

• A)minimum wage laws do not reduce poverty but reduces social welfare instead.
• B)minimum wage laws contributes to contributes to federal costs of transfer programs.
• C)minimum wage laws tend to discourage firms from investing in training.
• D)minimum wages tend to provide incentives to businesses to invest in capital substitutes.

---

Definitions:

Histrionic

Pertaining to a personality pattern characterized by dramatic, attention-seeking, emotional, and erratic behavior.

Borderline

Often refers to Borderline Personality Disorder (BPD), which is a mental illness characterized by intense mood swings, impulsive behaviors, and difficult interpersonal relationships.

Impulsive Behaviour

Actions performed with little forethought or consideration of the consequences, often driven by immediate desires or emotional responses.

Overdramatizing

The act of exaggerating situations, emotions, or reactions to create a more dramatic effect than the reality warrants.