A Minimum Wage Law (That Sets the Minimum Wage Above

question 10

Multiple Choice

A minimum wage law (that sets the minimum wage above the equilibrium wage) can be expected to

• A) clear the market for unskilled workers.
• B) increase employment for unskilled workers.
• C) increase the number of firms in those industries where the law is effective.
• D) reduce the hours worked for some unskilled workers.
• E) all of the above

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Definitions:

The Spinal Cord

A long, thin, tubular bundle of nervous tissue and support cells that extends from the brain. It is responsible for transmitting neural signals between the brain and the rest of the body.

Sensory Neurons

Nerve cells that transmit sensory information (sight, sound, touch, taste, and smell) from the periphery to the central nervous system.

Motor Neurons

Nerve cells that transmit impulses from the brain or spinal cord to muscles or glands, enabling movement and action.

Afferent;efferent

Afferent refers to conducting signals towards a central point (e.g., nerves that carry sensory information to the brain), while efferent refers to conducting signals away from a central point (e.g., nerves that carry motor signals from the brain to muscles).