The Number of Unskilled Workers Employed Before and After a Change

question 21

Multiple Choice

The number of unskilled workers employed before and after a change in the minimum wage is found to be the same.This means

• A) the minimum wage change did not affect the labor market.
• B) nothing, unless we know that the number of hours worked by each worker has not changed.
• C) the minimum wage could be below the equilibrium value for unskilled labor.
• D) either b or c
• E) none of the above

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Definitions:

Foreign Officials

Individuals holding positions of authority in government bodies outside one's own country.

Business Contracts

Legally binding agreements between two or more parties that outline terms and conditions related to business transactions.

Criminal Liability

The legal responsibility or obligation of an individual who has committed a crime, subjecting them to prosecution and punishment.

State of Mind

The particular condition or mood a person is in at any given time, often relevant in determining intent in legal contexts.